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3/25/19
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Tala, a leading mobile technology and data science company, recently closed two lease transactions. Tala is moving to a new location within Santa Monica after inking a long-term expansion/relocation lease for 30.6k sf of office space at 1633 26th St in one of the transactions. In the other deal, the company subleased its former 12.4k sf office at 429 Santa Monica Blvd to flexible workspace provider Knotel.
Robert Cavaiola and Shay Bolton with Savills Studley represented Tala in the concurrent transactions, which were completed in under 60 days. Hunt Barnett and Chris Houge of LA Realty Partners represented Kilroy, the owner of 1633 26th Street.
Tala chose the 1633 26th Street building – MTV’s former home – as it was ideally suited to the firm’s growing space needs. The location within Santa Monica’s growing community of like-minded, rapidly developing start-ups fits Tala’s brand ethos and supports the company’s crucial focus on employee recruitment and retention.
Tala will occupy the top two floors of the three-story building, beginning in April of this year. Transaction terms include expansion rights for the ground floor, signage rights and on-site security. The freestanding, single-building campus provides abundant parking, and is steps from the Metro Expo Line Bergamot/26th Street station and retail, convenience and lifestyle amenities.
Founded in 2011 in Santa Monica, Tala is a financial technology company that is changing the way credit scoring and financial services work around the world. Tala’s smartphone app instantly evaluates customers for credit and delivers customized loans in minutes. Tala has disbursed upwards of $680 mil in credit to more than 2.5 million borrowers in Kenya, Tanzania, the Philippines, Mexico and India.
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