Video Game Developer Activision Blizzard Vacates 215K SF HQ in Santa Monica
The video game company behind Call of Duty, Guitar Hero ditches Boston Properties-owned complex
Popular video game producer Activision Blizzard and its studio development arm, Treyarch, has vacated its 214,864-square-foot headquarters in Santa Monica, Calif.
The firm departed from Boston Properties (BXP)’ 3100 Ocean Park Boulevard and 3420 Ocean Park Boulevard within the massive Santa Monica Business Park. Marketing materials show 145,060 square feet and 69,804 square feet of available space at the buildings, respectively.
Activision vacated the two buildings as their current 10-year lease has expired, as first reported by Dot Esports. The video game developer confirmed the departure in an email to Commercial Observer and said the firm is seeking out new space.
“We have narrowed down the search to a few properties in the Santa Monica area and we hope to finalize our plans soon,” an Activision spokesperson said.
Activision Blizzard is a publicly traded company behind popular video games like Call of Duty, Tony Hawk’s video game series, Guitar Hero, and the Candy Crush Saga. The firm recently laid off 190 employees, according to Dot Esports. Activision did not immediately provide details regarding the amount of space they need moving forward.
At $5.80 per square foot, Santa Monica boasts some of the highest average asking rates in Los Angeles County, second only to Century City, according to Savills’ most recent office market report.
Boston Properties acquired the 1.2 million-square-foot Santa Monica Business Park for $627.5 million in 2018.