New Tech Lease in Growing Marina del Rey
TeleSign, who produces identity verification software, is more than doubling its office space to a new Marina del Rey building. They signed a new lease for 21,500 SF at 13274 Fiji Way ("Marina View") and will be occupying the top 2 floors. The six-year lease is valued at $6.5 million, according to industry sources. Marina View recently underwent a major creative renovation and now features beautifully exposed ceilings, polished concrete floors, open floor plan, and breathtaking 360 degree views of the ocean and the rest of LA.
Creative companies are finding Marina del Rey to be an effective market being just north of the increasingly-hot Playa Vista market, while just south of the always hot Venice and Santa Monica markets. Marina del Rey rents are below its' peripheral markets' rents, so companies can find a nice value in this market, along with great creative space.There are also a tremendous amount of amenities and outdoor space to enjoy for employees, as well as easy freeway access with the 90 right there. Marina del Rey will continue attracting great companies from all over LA as the market will continue to improve.
*Shared by Jeff Vertun