Avison Young negotiates 15,000-sf creative office U.S. HQ lease on behalf of Moonbug Entertainment in Los AngelesAugust 25, 2021
Los Angeles, CA – Avison Young announced today it has negotiated a three-year, 15,000 square-foot creative office lease on behalf of the tenant, Moonbug Entertainment. Located at 110 S. Fairfax in Los Angeles, the second-floor space will serve as the new U.S. headquarters for the global, London-based media company that creates and distributes inspiring and engaging stories to expand kids’ worlds and minds. This represents an expansion for Moonbug who also has a location at 742 N Cahuenga Boulevard in Los Angeles.
Avison Young Principal Ted Simpson and Associate Myles Smith who are based in the firm’s downtown Los Angeles office represented Moonbug Entertainment. The landlord, Gilmore Farmers Market, LLC, was represented by CBRE.
The company anticipates a move-in late 2021.
“Despite a slowdown in office leasing demand due to the pandemic, Los Angeles continues to see growth in the entertainment sector as exemplified by Moonbug Entertainment’s expansion,” said Simpson.
Moonbug’s new location is within North Market, a 30,749-sf office building built in 2003 that features modern space, high wood ceilings, exposed concrete floors and ample outdoor space. It is located adjacent to the Original Farmers Market and The Grove which feature more than 100 retail, dining, and lifestyle amenities.
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 2021 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 10 consecutive years.
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