PLAYA VISTA, CA-California Pizza Kitchen is the latest tenant to sign a long-term sublease agreement with Fox for space at The Bluffs at Playa Vista, formerly known as Horizon at Playa Vista. The global restaurant brand has taken nearly 34,000 square feet for its headquarters on the top floor of the two-building project’s West building; expected move-in is in the fall.

The LEED Gold project is a 501,000-square-foot complex at 12121 and 12181 Bluff Creek Dr. that J.P. Morgan Asset Management bought for $300 million last year. Tenants have been subleasing space from Fox, which had planned to move its Fox Interactive Media division into the project and had signed a 12-year lease valued at an estimated $350 million before deciding not to occupy the campus because of falling fortunes at Fox Interactive. Fox currently has almost 275,000 square feet of space remaining at this property, and its sublease term runs through April 2021.

As GlobeSt.com previously reported, in September 2011 job-search firm Cyber Coders, dental products marketer Discus Dental and digital-entertainment firm Rovi signed subleases for more than 57,000 square feet of office space at the Bluffs at Playa Vista. The deal represented “the largest collection of office sublease deals to close on the Westside this quarter,” according to an announcement that was released at that time.

A spokesperson at Cushman & Wakefield, whose Eric Duncanson and Gideon Orion represented Fox in the CPK transaction, tells GlobeSt.com that the East and West buildings combined are 90.2% leased, and the project was completed in 2009.

CPK is moving from a headquarters on Century Blvd. in the LAX airport market, where it has been located for many years, Brian Davies of Cresa tells GlobeSt.com. Davies, along with David Toomey, represented CPK in the transaction. “They recently were purchased by a private-equity firm, and the desire was to start afresh and get a new creative image for the space,” Davies continues. “The new space is slightly smaller than what they’re leaving, but this sublease space from Fox is creatively built-out to begin with.”

Tenants including YouTube, Facebook, Google, Electronic Arts, Sony and Belkin, as well as leading ad agencies Chiat/Day and Deutsch and socially conscious manufacturers like Tom’s Shoes have moved into the area. “So there’s a nice creative vibe going on with this area of Playa Vista,” Davies concludes.

“There are so many exciting things happening at Playa Vista—from the summer concert series at Campus Central Park to the debut of a new elementary school this fall to the construction of runway at Playa Vista beginning in June,” said Duncanson in a statement. “We look forward to welcoming even more top-tier companies to the Bluffs at Playa Vista in the months ahead.”

Instant Insights /

CPK Will Move Headquarters to Bluffs at Playa Vista

Related Stories

Recommended For You