Max Rangel Of Spin Master Signs Multiyear Office Lease At Tishman Speyer's The Collective Campus
11975 West Bluff Creek Drive
Building Size
132,300 SF
Asset Type
Office
Closing
Apr 7, 2025
AI
The asset involved in this lease transaction is an office space totaling 132,300 square feet, located at 11985, 11995 & 11975 West Bluff Creek Drive in Playa Vista. This property is part of Tishman Speyer’s The Collective campus.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 11985, 11995 & 11975 West Bluff Creek Drive
- Market: Playa Vista
- Landlord: Rob Speyer - Tishman Speyer
- Tenant: Max Rangel - Spin Master
- Landlord's Representative: Allen Palmer - Tishman Speyer
- Tenant's Representatives: Chris Dumont - Madison Partners; Maureen Hawley & Tony Morales - JLL
This lease marks the largest Silicon Beach office lease in two years, with Spin Master entering into a multiyear lease agreement. Tishman Speyer managed the leasing process in-house for this transaction.
Players
Playa Vista Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93