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11/09/16
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Ipsos Insight, a subsidiary of the Paris-based market research and consulting firm Ipsos, has inked a lease for 11k sf of office space in Culver City. The 7.5-year deal has a total value of $3.1 mil, for an average rate of $3.13/sf/mo.
Ipsos Insight will occupy half of the fifth floor at the complex, located at located at 200-300 Corporate Pointe. The new lease brings occupancy at the property up to 92 percent. Other tenants at the office campus include DataScience Inc, Paychex and Shiseido Cosmetics.
Brian Niehaus at JLL represented Ipsos Insight in the deal. The Class A property is owned by Olive Hill Group.
According to Michael Cho, President of Olive Hill Group, this new lease reflects the types of high-caliber creative and tech tenants that comprise the Culver City market.
“Culver City is quickly emerging as one of the fastest-growing, most dynamic tech and creative markets in southern California, attracting a number of businesses in the digital media, entertainment and technology industries,” says Cho. “Fueled by explosive growth in these industries, the Lower Westside office market continues to attract demand from major players in the digital sphere, including research firms such as Ipsos, which is a creative leader in the market research industry.”
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