February 24, 2017— Olive Hill Group, a private investor, operator and developer of commercial real estate, has leased half of the fifth floor of its creative office campus in Culver City to Omnia Media, a subsidiary of the international Canadian media company Blue Ant Media, Inc.
Omnia Media, one of the world’s largest digital content producers and distributors that helps global brands maximize the power of online videos, has outgrown its existing space and will relocate to 300 Corporate Pointe, bringing the asset to 95 percent occupancy.
“Culver City is the next creative growth hub of Silicon Beach,” says Michael Cho, President of Olive Hill Group. “It has attracted a significant number of players in the digital media, entertainment, and technology industries, marking its emergence as one of the most dynamic creative markets in the entire southern California region.”
Cho notes that this new lease is indicative of a larger trend as creative tenants migrate to the Playa Vista neighborhood of Silicon Beach where entertainment giants such as YouTube, Netflix, and Buzzfeed have taken up residence.
“Tenants such as Omnia Media are flocking to Silicon Beach to be at the epicenter of the digital entertainment action,” explains Cho. “Our ability to secure a lease of this caliber is a testament to the quality of this asset, as well as to the growth of this market.”
According to Tim Lee, Olive Hill’s Vice President of Corporate Development and Legal Affairs, this new lease reflects the firm’s strategy of capitalizing on the growing demand for creative office by providing environments that foster innovation and collaboration.
“The office building’s flexible outdoor workspace, easy accessibility in a low-rise setting, and creative buildouts make this the perfect location for a number of creative tenants seeking a value-oriented alternative to office space in neighboring Venice and Santa Monica,” continues Lee. “By providing innovative workspaces that will attract businesses in the tech, media, and digital entertainment industries, we are cultivating an ecosystem of creative tenants that will drive long-term value for the asset.”
Along with Omnia Media, the office campus’ tenant mix includes DataScience Inc. and Ipsos Insight, a global market research and consulting firm.
“Culver City offers a major value proposition to creative tech tenants,” affirms Lee. “Tenants such as Omnia Media can lease more space in Culver City for the same amount as they would pay for office space in Venice or Santa Monica, while still providing the creative environment that today’s millennial workforce is demanding.”
Omnia Media is one of the fastest growing digital media companies, creating premium videos for platforms such as YouTube and distributing content that amasses over two billion views each month. According to Lee, the office building’s campus-feel, along with its prime location in the thriving Playa Vista neighborhood of Silicon Beach, will provide Omnia Media with the perfect space to foster creativity, cultivate talent, and provide its employees with the ultimate live/work/play environment.
The office complex is located at 300 Corporate Pointe in Culver City, California. Omnia Media will lease 9,762 square feet on the 5th floor of the building. Matt Brainard at Savills Studley represented the tenant, Omnia Media, while Joe King and Matt Sprowles at Madison Partners represented the landlord, Olive Hill Group.
Headquartered in Downtown Los Angeles, Olive Hill Group is a privately owned investor, operator, and developer of commercial real estate properties with a diverse portfolio of office, retail, hospitality, and multifamily properties. Since 1996, the firm and its affiliates have invested in more than $2.4 billion in commercial assets encompassing over 15 million square feet.
Olive Hill Group specializes in the repositioning and renovation of commercial assets, leveraging its deep history in the market and its fully integrated in-house platform of asset and property management to drive growth through long-term hold periods.
With a track record that spans more than two decades, the company is actively growing its investment portfolio by acquiring mid-tier to premium assets throughout Southern California and across the U.S.[button href=”http://olivehillgroup.com” style=”flat” size=”medium” color=”#1e73be” target=”_blank”]FOLLOW OLIVE HILL GROUP[/button] [button href=”https://www.omniamedia.co” style=”flat” size=”medium” color=”#dd3333″ target=”_blank”]FOLLOW OMNIA MEDIA [/button]