FAQ on UNFOLD's $11M Office Acquisition in Culver City Represented by JLL
Summary
Digital creative agency UNFOLD expands its Culver City presence with an $11 million acquisition of a 13,110-square-foot office building, facilitated by JLL, to create a campus environment for its team.
What is the significance of UNFOLD’s recent office acquisition?
The acquisition allows UNFOLD to expand its physical presence in Culver City by adding a 13,110-square-foot building adjacent to its current location, enabling the creation of a campus environment for its team.
How much did UNFOLD pay for the new office building?
UNFOLD paid $11 million for the 13,110-square-foot office building at 11811 Teale Street in Culver City.
Who represented UNFOLD in the acquisition?
JLL Senior Vice President Ben Silver represented UNFOLD in the acquisition.
What are the features of the newly acquired building?
The building is a unique semi-circular Quonset hut style office space with polished concrete floors, high/open ceilings, and state-of-the-art recording studios, previously a manufacturing support facility for the Hughes Aircraft Company.
Why did UNFOLD choose to acquire this particular building?
UNFOLD acquired the building to expand without relocating, creating a mini-campus adjacent to their current facility for growth, collaboration, and culture building.
What does this acquisition say about the current office space market?
According to JLL, there is continued demand for high-quality and unique office spaces in well-located areas, with a growing owner-user market willing to invest in securing their business space needs long-term.
How has UNFOLD grown since its founding?
Since its founding in 2012, UNFOLD has grown to over 150 people, expanding its capabilities in media, digital advertising, social media, website development, and production services.
What are UNFOLD’s full-service capabilities?
UNFOLD offers full-service capabilities in media, digital advertising, social media, website development, and production services for top brands and the largest entertainment companies.
Who is Daniel Weisinger?
Daniel Weisinger is the Co-President and Co-Cofounder of UNFOLD, who commented on the expansion as part of the agency’s continued growth and evolution.
Where can I find more information about JLL?
More information about JLL can be found on their website at jll.com.
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