{"id":1004753733,"date":"2025-04-08T02:43:14","date_gmt":"2025-04-08T10:43:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004753733"},"modified":"2025-04-08T22:53:53","modified_gmt":"2025-04-09T06:53:53","slug":"tishman-speyer-lands-major-la-office-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-lands-major-la-office-lease\/","title":{"rendered":"Tishman Speyer Lands Major LA Office Lease"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/The-Collective-aerial-credit-Lawrence-Anderson.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1776\" height=\"1332\" data-attachment-id=\"1004753734\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-lands-major-la-office-lease\/11975-wet-bluff-creek-los-angeles-ca-tishman-speyer\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/The-Collective-aerial-credit-Lawrence-Anderson.jpg\" data-orig-size=\"1776,1332\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;2.8&quot;,&quot;credit&quot;:&quot;Lawrence Anderson&quot;,&quot;camera&quot;:&quot;L1D-20c&quot;,&quot;caption&quot;:&quot;11975 Wet Bluff Creek.  Los Angeles, CA.  Tishman Speyer.&quot;,&quot;created_timestamp&quot;:&quot;1663326556&quot;,&quot;copyright&quot;:&quot;\\u00a9 2022 Lawrence Anderson Photography, Inc. All Rights Reserved.&quot;,&quot;focal_length&quot;:&quot;10.26&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.0004&quot;,&quot;title&quot;:&quot;11975 Wet Bluff Creek.  Los Angeles, CA.  Tishman Speyer.&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"11975 Wet Bluff Creek.  Los Angeles, CA.  Tishman Speyer.\" data-image-description=\"&lt;p&gt;Aerial view of The Collective, a five-building office campus in Playa Vista, Calif.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The creative office campus The Collective came online in 2015 and comprises five buildings. Image by Lawrence Anderson, courtesy of Tishman Speyer&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/The-Collective-aerial-credit-Lawrence-Anderson.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/The-Collective-aerial-credit-Lawrence-Anderson.jpg\" alt=\"Aerial view of The Collective, a five-building office campus in Playa Vista, Calif.\" class=\"wp-image-1004753734\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/The-Collective-aerial-credit-Lawrence-Anderson.jpg 1776w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/The-Collective-aerial-credit-Lawrence-Anderson.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/The-Collective-aerial-credit-Lawrence-Anderson.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/The-Collective-aerial-credit-Lawrence-Anderson.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/The-Collective-aerial-credit-Lawrence-Anderson.jpg?resize=1536,1152 1536w\" sizes=\"auto, (max-width: 1776px) 100vw, 1776px\" \/><\/a><figcaption class=\"wp-element-caption\">The creative office campus The Collective came online in 2015 and comprises five buildings. <em>Image by Lawrence Anderson, courtesy of Tishman Speyer<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Spin Master has signed a 132,300-square-foot lease at The Collective, a 204,724-square-foot, five-building <a href=\"https:\/\/www.commercialsearch.com\/news\/enhancing-work-environments-through-creative-offices\/\">creative office campus<\/a> in the West Los Angeles neighborhood of Playa Vista. This deal marks the largest leasing agreement in the area in the past two years. Tishman Speyer owns the property.<\/p>\n\n\n\n<p>JLL, Centurion and Madison Partners arranged the transaction on behalf of the tenant. Tishman Speyer had in-house representation.<\/p>\n\n\n\n<p>The children entertainment company will move to its new location in November next year and will occupy three buildings within the campus. Yahoo previously leased the space, according to CommercialEdge. Spin Master currently occupies 70,000 square feet at 5880 Jefferson Blvd., an office complex 4 miles from The Collective.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/la-was-among-hotspots-for-office-investment-in-2024\/\">LA Was Among Hotspots for Office Investment in 2024<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Located at 11975, 11985 &amp; 11995 W. Bluff Creek Drive, the firm\u2019s future location is 4 miles from Los Angeles International Airport. Downtown Los Angeles is 16 miles away.<\/p>\n\n\n\n<p>Tishman Speyer completed The Collective in 2015 using funds from a $40 million loan originated by Wells Fargo, CommercialEdge information shows. The two-story campus features private garden patios, public gardens with outdoor seating areas, as well as integrated outdoor spaces. The buildings also have open floorplans and five passenger elevators.<\/p>\n\n\n\n<p>Centurion&#8217;s CEO Tony Morales\u2014who recently moved to CBRE\u2014and JLL Executive Vice President Maureen Hawley, along with partner Chris DuMont at Madison Partners, worked on behalf of the tenant. Tishman Speyer Managing Director Allen Palmer represented the landlord.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-los-angeles-office-vacancy-rate-remains-steady\">Los Angeles\u2019 office vacancy rate remains steady<\/h2>\n\n\n\n<p>The Los Angeles office vacancy rate as of February clocked in at 16.3 percent, 30 basis points higher year-over-year, but still considerably below the 19.7 percent national average, according to the latest <a href=\"https:\/\/www.commercialsearch.com\/news\/commercialedge-office-report-march-2025\/\">CommercialEdge office report<\/a>. The metro\u2019s average listing rate during the same month was $42.6, marking a 2.0 percent increase from February 2024.<\/p>\n\n\n\n<p>In February, <a href=\"https:\/\/www.commercialsearch.com\/news\/kilroy-inks-hq-lease-in-long-beach\/\">Mangan Inc. signed<\/a> a 37,000-square-foot lease at Kilroy Realty Corp.&#8217;s Aero Long Beach, a 957,706-square-foot campus in Long Beach, Calif. The move-in is scheduled for November this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The tenant\u2019s relocation to the new space will almost double its footprint.<\/p>\n","protected":false},"author":3355,"featured_media":1004753734,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1594,21742,21747,15],"tags":[32796,34069,33224],"class_list":["post-1004753733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-los-angeles","category-latest","category-office","category-west","tag-jll","tag-madison-partners","tag-tishman-speyer"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tishman Speyer Lands Major LA Office Lease - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Spin Master signed a 132,300-square-foot lease at The Collective, Tishman Speyer&#039;s creative office campus in Los Angeles&#039; 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