CARLSBAD, CA-NTN Buzztime Inc., a bar and restaurant, social entertainment and marketing platform, has leased 28,458 square feet within a 40,000-square-foot two-story office building in Carlsbad Research Center. Seth Davenport of Voit Real Estate Services in Anaheim, CA, and Louis Tomaselli of 360 Commercial Partners in Irvine, CA, represented the lessee. Joe Anderson of Cassidy Turley BRE Commercial in Carlsbad represented the landlord, Bill Beckman of Solana Beach.
“This transaction is a win for both Buzztime and the Carlsbad commercial real estate market,” says Louis Tomaselli, managing partner of 360 Commercial Partners. “By leveraging current market conditions, our client, Buzztime, will maximize the return on their office lease investment by moving to a higher profile location within Carlsbad and will realize operational efficiencies with an optimized space plan. At the same time, Carlsbad remains the home of this leading bar and restaurant social entertainment and integrated marketing services firm.”
Buzztime Inc. will relocate its US corporate headquarters from its current location, where it occupied a total of 42,000 square feet of class-B office space, to 2231 Rutherford Rd. in the Carlsbad Courtyard complex of the Carlsbad Research Center. The company’s new class-A offices provide nearly 28,000 square feet for the employees working in Carlsbad.
“With this move, NTN Buzztime will occupy an impressive office building in keeping with its innovative, leading-edge image, and also will realize cost and operational efficiencies,” says Davenport, senior vice president at Voit. “The transaction represents the continued appeal of the Carlsbad/North San Diego market for growing businesses of all types.”
Commercial Partners tells GlobeSt.com that it cannot disclose financial terms at this time except to say that it was an 89-month lease.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
