Culver City Office Complex Lands New Tenant

By Veronica Grecu

Culver City Corporate Point campus

Los Angeles—Roughly half a year after acquiring two office buildings in Culver City, Olive Hill Group is busy shrinking the vacancy rate at the properties.

The Los Angeles-based company recently announced it has signed a 7.5-year lease for 11,000 square feet of space—or half of the fifth floor—at 200-300 Corporate Pointe campus to Ipsos Insight, a subsidiary of European-based market research firm Ipsos.

The $3.1 million deal was negotiated by Brian Niehaus at JLL on behalf of Ipsos Insight. With this new lease, occupancy at 200-300 Corporate Pointe reached 92 percent, Olive Hill Group announced. The tenant mix at the Class A office complex also includes DataScience Inc., Paychex, Transwestern and Shiseido Cosmetics.

“Culver City is quickly emerging as one of the fastest-growing, most dynamic tech and creative markets in southern California, attracting a number of businesses in the digital media, entertainment and technology industries,” said Michael Cho, President of Olive Hill Group, in prepared remarks.  “Fueled by explosive growth in these industries, the Lower Westside office market continues to attract demand from major players in the digital sphere, including research firms such as Ipsos, which is a creative leader in the market research industry.”

Staying true to the its investment approach to attract long-term tenants and drive revenue through strategic leasing and renovations, Olive Hill Group plans to redesign the central courtyard and upgrade the interior and exterior of the buildings.

Completed in 1988 and fully renovated in 2004, the 206,538-square-foot office complex is located on the east side of the 405 Freeway near Jefferson Boulevard, with easy access to the Playa Vista and Silicon Beach submarkets. The campus offers more than 730 parking spaces in two multi-level structures.

Image courtesy of Olive Hill Group