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11975 West Bluff Creek Drive

Max Rangel Of Spin Master Signs Multiyear Office Lease At Tishman Speyer's The Collective Campus
LEASEDOffice

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:

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

Maureen Hawley

JLL

Broker

6 deals

Broker
Rob Speyer

Rob Speyer

Tishman Speyer

Landlord

$4B

vol

37 deals

Landlord

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