LOS ANGELES-Fox Interactive Media has signed a lease for 421,000 sf of office space at the Horizon at Playa Vista project under development by Lincoln Property Co. and ASB Real Estate, where Fox will move its headquarters next year, according to the developers. Lincoln and ASB say that Fox Interactive will occupy virtually all of the square footage in the first phase of the new 15-acre, creative-style office campus that will ultimately include nearly one million sf of office space.

Terms of the deal were not disclosed, but industry sources peg the 12-year lease in the range of $350 million. Fox Interactive will consolidate its Los Angeles facilities, currently housing companies including MySpace, Fox Sports Interactive and Rotten Tomatoes. The move will relocate more than 2,000 of the company’s employees onto the campus by June 2009.

The first phase of Horizon project will consist of two, five-story buildings surrounded by pedestrian pathways and open courtyards. The buildings, designed by Johnson Fain, will be seeking Gold LEED certification.

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