Video Game Developer Activision Blizzard Is Leaving 215K SF Santa Monica Headquarters – Trade Observer

Popular video game producer ActivisionBlizzard and its studio development arm, Trearch, at released its 214,864 square foot headquarters in Santa Monica, California

The company deceased from Boston Properties3100 Ocean Park Blvd. and 3420 Ocean Park Blvd. within the massif Santa Monica Business Park. Marketing materials indicate 145,060 square feet and 69,804 square feet of available building space, respectively.

Activision released the two buildings whose 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 company was looking for a new space.

“We have limited the search to a few properties in the Santa Monica area and hope to finalize our plans soon,” said one. Activision said the spokesperson.

Activision Blizzard is a publicly traded company behind popular video games like Call of Duty, Tony Hawk’s video game series, Guitar Hero, and Candy Crush Saga. The company recently laid off 190 employees, according to Dot Esports. Activision didn’t immediately provide details regarding how much space they need moving forward.

At $5.80 per square foot, Santa Monica has some of the highest average demand rates in Los Angeles County, second only to Century City, according to Savillslatest office market report.

Boston Properties acquired the 1.2 million square feet Santa Monica Business Park for $627.5 million in 2018.

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