{"id":1004797766,"date":"2026-05-06T11:29:18","date_gmt":"2026-05-06T19:29:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004797766"},"modified":"2026-05-07T06:34:55","modified_gmt":"2026-05-07T14:34:55","slug":"leveling-up-hasbro-signs-long-term-lease-in-west-hollywood","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/leveling-up-hasbro-signs-long-term-lease-in-west-hollywood\/","title":{"rendered":"Leveling Up: Hasbro Signs Long-Term Lease in West Hollywood"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a398389754e2&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004797769\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/leveling-up-hasbro-signs-long-term-lease-in-west-hollywood\/formosa-west-at-the-lot\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Formosa-West-at-The-Lot.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Formosa West at The Lot\" data-image-description=\"&lt;p&gt;Image from YM &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The Formosa West at The Lot site was first used in 1918 and has produced well known movies such as West Side Story. Image courtesy of Yardi Matrix  &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Formosa-West-at-The-Lot.png?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Formosa-West-at-The-Lot.png\" alt=\"Exterior photo of Formosa West at The Lot an office space in West Hollywood \\.\" class=\"wp-image-1004797769\" style=\"width:427px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Formosa-West-at-The-Lot.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Formosa-West-at-The-Lot.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Formosa-West-at-The-Lot.png?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The Lot at Formosa West site was first constructed in 1918 and has produced movies such as <em>West Side Story<\/em>. <em>Image courtesy of Yardi Matrix<\/em>  <\/figcaption><\/figure><\/div>\n\n\n<p>Global gaming company Hasbro has signed a long-term lease at CIM Group\u2019s The Lot at Formosa, a 112,000-square-foot office building in West Hollywood, Calif. The lease includes 31,435 square feet across the third floor and part of the fourth floor of the building.<\/p>\n\n\n\n<p>The new space will house approximately 100 employees working in the company\u2019s film, TV, gaming, licensing and toy divisions. Hasbro, which operates across film, television, digital content, gaming and consumer products, is consolidating Los Angeles\u2013based functions tied to its expanding media and content strategy.<\/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\/in-a-topsy-turvy-world-capital-flows-to-cre\/\">In a Topsy-Turvy World, Capital Flows to CRE<\/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>With this lease agreement, Hasbro will vacate its space in Burbank, Calif., where it leases 80,000 square feet. The tenant is expected to move into the new office in the first quarter of 2027. <\/p>\n\n\n\n<p>The Lot at Formosa spans five floors and is now 100 percent leased following Hasbro\u2019s commitment. Other tenants at the property include Live Nation, People Inc. and Miramax. Floorplates at the building are 22,000 square feet, according to Yardi Matrix. Last June, the owner received a $42.9 million loan from CIM Group Debt Funds, the same source shows.<\/p>\n\n\n\n<div class=\"wp-block-group cmw-cpe-newsletter\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group cmw-cpe-newsletter-content\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group cmw-cpe-newsletter-content-img\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"1200\" data-attachment-id=\"1004794779\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cpe-sneak-peek-square\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg\" data-orig-size=\"1200,1200\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"CPE Sneak Peek square\" data-image-description=\"&lt;p&gt;CPE Sneak Peek Newsletter Preview&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;CPE Sneak Peek Newsletter Preview&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg\" alt=\"CPE Sneak Peek Newsletter Preview\" class=\"wp-image-1004794779\" style=\"width:88px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg?resize=150,150 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg?resize=300,300 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg?resize=768,768 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg?resize=1024,1024 1024w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group cmw-cpe-newsletter-content-text\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<h2 class=\"wp-block-heading\" id=\"h-cpe-sneak-peek-newsletter\">CPE Sneak Peek Newsletter<\/h2>\n\n\n\n<p>Be the first to receive exclusive insights, data-backed analysis and expert commentary. Early access, every week.<\/p>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<form class=\"cmw-inline-newsletter\" action=\"https:\/\/whatcounts.com\/bin\/listctrl\" method=\"POST\">\n  <input type=\"hidden\" name=\"slid\" value=\"5C84B893BD6D939E33A6A73C89655EA8\" \/>\n  <input type=\"hidden\" name=\"cmd\" value=\"subscribe\" \/>\n  <input type=\"hidden\" name=\"wxuiversionfirst\" value=\"\" \/>\n \n  <input type=\"hidden\" name=\"errors_to\" value=\"\" \/>\n\n  <label class=\"sr-only\" for=\"email\">Email<\/label>\n  <input type=\"email\" id=\"email\" name=\"email\" required maxlength=\"65\"\n         placeholder=\"Your email address\"\n         oninvalid=\"this.setCustomValidity('Please enter a valid email address')\"\n         oninput=\"this.setCustomValidity('')\"\/>\n\n  <button type=\"submit\">Sign up now<\/button>\n<\/form>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-historic-site\">A historic site<\/h2>\n\n\n\n<p>The 11-acre site at 1041 N. Formosa Ave. was originally built in 1918. The property includes seven sound stages, production offices, three modern office buildings and two large parking structures. Warner Brothers acquired the lot in 1980.<\/p>\n\n\n\n<p>The films <em>West Side Story<\/em> and <em>Some Like It Hot<\/em> were produced at The Lot. Over the years, the site has gone through expansion and modernization. These expansions include the construction of the Class A office buildings\u2014Formosa South, Formosa West and Courtyard.<\/p>\n\n\n\n<p>The Lot at Formosa is located in the \u201c30-Mile Zone,\u201d central to the entertainment industry in Southern California. The property is near Santa Monica Boulevard and the La Brea\/Santa Monica bus stop is a block away from the asset.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-la-office-vacancy-lowers\">LA office vacancy lowers<\/h2>\n\n\n\n<p>At the start of 2026, the <a href=\"https:\/\/www.commercialsearch.com\/news\/los-angeles-office-market-update\/\">Los Angeles office sector<\/a> recorded a 14.6 percent vacancy rate, below the national average of 18.2 percent and a 170-basis-point year-over-year decline, according to a March Yardi Matrix report. The metro posted one of the lowest vacancy rates in the nation, with only Manhattan, Miami and Tampa ranking lower. <\/p>\n\n\n\n<p>The market\u2019s flex office inventory, meanwhile, totaled 7.3 million square feet across 343 locations, with another 2.1 million square feet under construction.<\/p>\n\n\n\n<p>Hasbro\u2019s lease comes as major companies in the industry are expanding in the Los Angeles area. Last month, Netflix was looking to acquire Radford Studio Center, a 1.2 million-square-foot stage, support and office campus for movie production. The campus is being sold at a <a href=\"https:\/\/www.commercialsearch.com\/news\/netflix-eyes-hollywood-production-center-at-massive-discount\/\">significant discount<\/a>.<\/p>\n\n\n\n<p>Also in the gaming sector, Riot Games purchased <a href=\"https:\/\/www.commercialsearch.com\/news\/hudson-pacific-sells-los-angeles-campus-for-231m\/\">Element LA<\/a>, a 284,037-square-foot office campus from Hudson Pacific Properties. Riot was a tenant at the property before purchasing the asset. The company paid $231 million for the five-building property in December 2025.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company will move in during the first quarter of 2027. <\/p>\n","protected":false},"author":3749,"featured_media":1004797769,"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":[33194],"class_list":["post-1004797766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-los-angeles","category-latest","category-office","category-west","tag-cim-group"],"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>Leveling Up: Hasbro Signs Long-Term Lease in West Hollywood - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Hasbro has signed a 31,435-square-foot lease at CIM Group\u2019s Formosa West at The Lot in West Hollywood, Calif.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/leveling-up-hasbro-signs-long-term-lease-in-west-hollywood\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Leveling Up: Hasbro Signs Long-Term Lease in West Hollywood\" \/>\n<meta property=\"og:description\" content=\"Hasbro has signed a 31,435-square-foot lease at CIM Group\u2019s Formosa West at The Lot in West Hollywood, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/leveling-up-hasbro-signs-long-term-lease-in-west-hollywood\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-06T19:29:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-07T14:34:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Formosa-West-at-The-Lot.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mikayla Sciortino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/leveling-up-hasbro-signs-long-term-lease-in-west-hollywood\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/leveling-up-hasbro-signs-long-term-lease-in-west-hollywood\/\",\"name\":\"Leveling Up: Hasbro Signs Long-Term Lease in West Hollywood - 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