Boston Properties has been busy signing leases at its Los Angeles office campuses. Its latest success: a 351,000-square-foot lease deal at Colorado Center, a 1.2 million-square-foot office campus in Santa Monica. A major entertainment tenant signed the seven-year lease.

The office market in Los Angeles is suffering from the pandemic, but you might not know it if you look at Boston Properties' activity this year. Earlier this month, the office owner signed a lease expansion with a major tech company at the Santa Monica Business Park in Santa Monica, a 1.2 million-square-foot office campus at 3100 Ocean Park Blvd. The unnamed tech company signed a 144,000-square-foot lease. At the time, Jonathan Lange, SVP of the Los Angeles Region at Boston Properties, said there is strong office demand from high-profile tech and entertainment companies, and this most recent lease underscores the same trend.

In April, the Boston Properties signed a 72,000-square-foot lease at Colorado Center. The company's director of global real estate said that Roku was looking for a place to "connect, collaborate, and innovate," and the Colorado Center fit that description. The lease deal had a 10-year term.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.