Facebook LA Office

Facebook inks lease at Harman Campus in San Fernando Valley: sources Social networking giant building out a portion of campus for new specialized division

Rendering of The Mix at Harman Campus with Mark Zuckerberg (Credit: CBRE)

Facebook has made a major bet on Los Angeles County’s San Fernando Valley. The Menlo Park-based social networking giant signed a roughly 80,000-square-foot lease at The Mix at Harman Campus in Northridge, The Real Deal has learned.

Facebook is building out a portion of the newly developed campus to fit a fledgling, specialized division of the company that could be related to creating original content, sources said.

The 800,000-square-foot campus already includes creative office space, warehouse space, game areas, private patios, food truck dining options, a fitness center and retail. Newport Beach-based developer Shubin-Nadal Realty Investors and New York-based DRA Advisors acquired the property from NewTower Trust Co. in 2014 for $130 million, property records show.

Asking rates at the four-building campus at 8500-8550 Balboa Boulevard, which borders Napa Street, value the lease at roughly $1.7 million a year.

Other tenants include technology company Samsung’s Harman International, the parent company of speaker manu上海千花网论坛

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facturers JBL and Harman Kardon.

Ron Wade and Bennett Robinson of CBRE represented the landlord, but declined to comment. The tenant broker could not be confirmed. Facebook has wor阿爱上海同城

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ked with Owen Fileti of L.A. Realty Partners in the past he represented Facebook in a new lease and expansion deal at Playa Jefferson but he declined to comment.

Bill Shubin, a principal of the developer Shubin-Nadal, also declined to comment. Facebook did not respond to requests上海龙凤论坛

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.

Just last year, Facebook, which has a market capitalization o爱上海同城手机版

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f $508 billion and is one of the most valuable companies in the world, signed a 35,000-square-foot lease at the Playa Jefferson campus at 12777 West Jefferson Boulevard in Playa Vista. That lease cost Facebook roughly $1.5 million a year, sources said at the time.爱上海

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Tags: Commercial Real Estate, Facebook, Office Rents, San Fernando Valley
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