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3/25/19
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Software company Invoca recently leased a 27.8k sf building at 419 State St in downtown Santa Barbara. The move marks a significant expansion from the firm’s former 14.7k sf office at 1025 Chapala St.
Francois DeJohn, Steve Hayes, and Kristopher Roth of Hayes Commercial Group represented Invoca in the transaction.
Sonos has occupied 419 State St since 2013, but no longer needs the space as it shifts employees to other offices downtown. Invoca will sublease the building from Sonos for about a year and then commence a five-year direct lease with the property owner. Greg Bartholomew, also of Hayes Commercial, represented the property owner along with DeJohn and Hayes. Bartholomew also represented Sonos in the sublease deal.
Since its founding in 2008, Invoca has provided artificial intelligence-powered call tracking and analytics for marketers. The tech company has received $60.8 mil in funding from various investors, including Santa Barbara-based Rincon Venture Partners.
“We have been working with Invoca since the early days, and it’s been exciting to see their growth and success,” DeJohn said. “This is a remarkable company and a great tenant for State Street.”
Well Health Inc leased Invoca’s former space at 1025 Chapala St, in a deal that will enable them to relocate from 5.7k sf of space at 12 E Carrillo St and more than double their footprint. Hayes Commercial’s Caitlin McCahill Hensel and Kristopher Roth represented Well Health Inc, while Dejohn and Hayes represented the landlord at 1025 Chapala St.
Downtown Santa Barbara has become a hotspot for tech companies during the past 15 years. Dozens of tech companies – including Sonos, LogicMonitor, RightScale, and Invoca – have set up creative office space on and near State Street. In recently activity, Amazon agreed to lease 46.8k sf at 1001 State St.
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