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2/08/17
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Upload Inc recently signed a lease for 20k sf of office space in Marina Del Rey. The lease, valued at $8.25 mil, is for a term of seven years and two months, which averages out to about $4.80/sf/mo. The building is located at 4505 Glencoe Ave, within the 350k sf Marina Business Center I Campus, which includes other notable tenants such as Sony, DISC, and Thrive Market.
The property is a 45k sf building that recently underwent a major renovation to provide a premium creative office environment. Upload’s new space offers 24’ ceilings with mezzanine, polished concrete floors, open floor plan, outdoor meeting areas, ample parking and building top signage visible from the adjacent 90 Fwy.
With this new lease, San Francisco-based Upload Inc, a company involved in all aspects of the virtual and augmented reality (AR/VR) industry, is expanding into the Southern California market. The space will house approximately 100 employees and will be used as virtual reality co-working space. Move-in is occurring this month.
Chris Strickfaden of NGKF and Scott Dobbins with Hankey Investments represented the landlord, Marina Business Center LLC, in the transaction. The tenant was repped by CBRE’s Carter Haslam and Garrett Ellis with the support of local market experts Jeff Pion and Shay Bolton.
Marina Business Center I is comprised of a 125k sf, mixed-use office building at the corner of Mindanao and Glencoe (across from Famous Jerry’s Deli) as well as six adjacent flex creative spaces in three separate buildings located at 4499, 4501, 4505 Glencoe, and 4503-4509 Glencoe.
Upload Inc is involved in all aspects of the (AR/VR) industry. This includes coworking, startup incubation, education (from beginner to expert curriculum), and media. Upload's expansion to LA will bring unprecedented access to virtual reality equipment and resources that will usher in new talent and creative ventures.
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