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Avison Young negotiates 20,072-sf lease for Arrowroot Capital’s HQ Expansion and Relocation in Marina del Rey, CA5 Feb 2020
Los Angeles, CA – Avison Young announced today that it has successfully arranged a new, 10-year, 20,072-square-foot (sf) lease for Arrowroot Capital’s office headquarters expansion and relocation to Marina Park, a newly redesigned office campus located at 4553 Glencoe Avenue in Marina del Rey, CA.
Avison Young Senior Vice President Blake Olson who is based out of the firm’s downtown Los Angeles office, represented the tenant. Newmark Knight Frank represented the landlord, LaSalle Investment Management and SteelWave.
“We are pleased to have arranged the tenant’s move from its current location at 100 Wilshire in Santa Monica – one of the priciest buildings in Los Angeles – to a brand-new, customized space that is ideal for accommodating its immediate and future growth plans,” said Olson.
Olson noted that large blocks of space above 15,000 sf are in low supply on LA’s Westside, and Marina Del Rey is attracting a significant migration of Westside tenants. The seaside Los Angeles community, home to the largest man-made marina in North America, has seen tremendous development in recent years.
Arrowroot Capital is a global growth equity firm focused on investments in B2B software companies. This relocation and expansion will accommodate its current strong growth phase. The company plans on moving into the new space in August 2020.
Marina Park offers new creative spaces and amenities that include exposed ceilings, abundant natural light, a full-service gym with showers, event space, and a new “pocket park” common area that facilitates communal work and relaxation. It is also walking distance to a number of dining amenities and provides a great location to retain and attract talent.
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its Principals. Founded in 1978, with legacies dating back more than 200 years, the company comprises approximately 5,000 real estate professionals in 120 offices in 20 countries. The firm’s experts provide value-added, client-centric investment sales, leasing, advisory, management and financing services to clients across the office, retail, industrial, multi-family and hospitality sectors.
Avison Young is a 2019 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for eight consecutive years.
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