Newmark Secures Lease for Slalom at 12045 Waterfront Drive in Playa Vista, California

October 21, 2024 9:00 AM

Newmark[1] announces the firm has secured a 10,854 square foot lease for Slalom, Inc. at 12045 E Waterfront Drive, within Los Angeles' Playa Vista submarket. Newmark Managing Director Ron Burkhardt represented the tenant in the transaction.

"Playa Vista continues to thrive as a top submarket for media and technology companies," said Burkhardt. "This lease is an excellent example of how businesses are prioritizing high-quality spaces with strong ownership. Slalom's move into this prime location underscores the desirability of Playa Vista for forward-thinking companies."

The building, owned by Hart Campus Playa Vista LLC, spans 86,705 square feet and will serve as a key regional office for Slalom, a global business and technology consulting firm. The new office offers Slalom a strategic position in a rapidly growing community known for attracting major media and technology companies. The lease also highlights the ongoing trend of "flight to quality," with tenants seeking premier locations that offer excellent amenities, high-quality workspaces and financially stable landlords. Hart Campus Playa Vista LLC's ability to offer advantageous terms, as a debt-free owner, made this property particularly appealing to Slalom.

"Slalom's mission is to help clients move faster, dream bigger and build better tomorrows for all. We chose Playa Vista because it enables us to meet that aspiration by being at the center of innovation," said Karl Mehu, Slalom General Manager, Los Angeles. "Silicon Beach's unique blend of industries, technology leaders, innovation and entertainment make it an ideal location for us to co-create with our clients and earn the commute for our teams."

[1] Dba Newmark Knight Frank in California

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of June 30, 2024, Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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