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Avison Young negotiates 14,000-sf headquarters lease on behalf of Thinkwell in Burbank, CA
February 27, 2023
Los Angeles, Calif. – Avison Young announced today it has negotiated a 5.5-year, 14,000- square-foot (sf) flex/office/production lease on behalf of the tenant, Thinkwell (A TAIT Company), a leading design and production agency creating immersive, content-driven experiences for brands and companies around the world. Thinkwell will occupy the majority of Empire Studios, a recently renovated, 17,000-sf building located at 2507 Empire Avenue in the heart of Burbank, CA.
Avison Young Principal Andrew Berk and Vice President Chase Gordon who are based in the firm’s Los Angeles North office represented the tenant. The ownership, Avalon Investment Company, was represented by Shadd Walker and Kevin Carrasco with Colliers.
Thinkwell’s new space features high ceilings and a brand-new build-out with a seamless indoor/outdoor creative and open work environment.
"Finding the perfect balance of a creative experiential workspace that would blend a traditional build-out with a unique environment to attract and retain employees, drove us to identify Empire Studios,” said Berk. “This new opportunity provided outdoor space and an effectively designed floor plan for creative work all in a convenient location for the company.”
Thinkwell is relocating from the LA Media Tech Center in Glassell Park with move-in anticipated for Q2 2023. Thinkwell is a locally managed firm with additional offices in Montreal and Abu Dhabi and was recently acquired by global powerhouse the TAIT Group. Thinkwell is responsible for bringing best-in-class immersive experiences to life in over 1,900 locations around the world, including Warner Bros. Studio Tour - The Making of Harry Potter (London), Warner Bros. World (Abu Dhabi), Lionsgate Entertainment World (China), and the Richard Nixon Presidential Library & Museum (Yorba Linda, CA). Other clients include the gamut of major studios, entertainment, content and technology providers, and more, including Disney, Universal, Netflix, Space Center Houston, Google, and the NBA.
“Empire Studios has been thoughtfully designed with the employees at the forefront – encouraging interaction and collaboration while prioritizing wellness, safety and public health,” added Gordon. “This human-centric design was the key factor in Thinkwell’s decision to lease the space and incentivizes employees to return to the office. Additionally, this transaction injects some much-needed optimism into L.A.’s office leasing market.”
About Thinkwell (A TAIT Company) Thinkwell is a global experience design and production agency with studios and offices i n Los Angeles, Montréal, and Abu Dhabi. For more than 20 years, the multi-disciplinary team has created compelling experiences for a wide range of clients and brands around the world. Thinkwell’s creative, collaborative team brings extensive experience in the strategy, planning, design, and production of theme parks, destination resorts, major branded and intellectual property attractions, events & spectaculars, museums & exhibits, expos, and live shows. The award-winning company has become a leader in experiential design by bringing a unique holistic approach to every engagement. Thinkwell was acquired by the TAIT Group in March 2022.
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2022 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 11 consecutive years.
For more information:
Darcie Giacchetto, Media Relations & Content Specialist, Southwest Region: +1.949.278.6224