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ByteDance Expands Office Space In Culver City, Los Angeles County

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LEASED

California

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Office286,502 SF
Leased 10/02/2023
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Property Image
LEASED

ByteDance Expands Office Space In Culver City, Los Angeles County

5800 Bristol Parkway & 900 Corporate Pointe

See Similar Deals
Office286,502 SF
Leased 10/02/2023

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:286,502 SF
Transaction Type:Lease

ByteDance, the parent company of TikTok, is expanding its office space in Los Angeles County, adding over 143,000 square feet through a deal in Culver City. The property, located at 5800 Bristol Parkway & 900 Corporate Pointe, is an office space with a total area of 143,251 square feet. The deal was completed on 10/02/2023. The asset is owned by IDS Real Estate represented by David G. Mgrublian and Northwood Investors represented by John Z. Kukral. The tenant, ByteDance, was represented by Zhang Yiming in this lease transaction.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not available
  • Square Footage: 143,251
  • Address: 5800 Bristol Parkway & 900 Corporate Pointe
  • Market: Culver City

This expansion marks one of the largest office signings in Los Angeles during the third quarter, highlighting the growing presence of ByteDance in the region. The deal demonstrates the company's commitment to expanding its operations and office space, further solidifying its position in the industry.

Details

LEASED
IMAGE: Zhang Yiming, John Z. Kukral & David G. Mgrublian DATE: 10/02/2023 ADDRESS: 5800 Bristol Parkway & 900 Corporate Pointe MARKET: Culver City ASSET TYPE: Office ~ SF: 143,251 LANDLORD: IDS Real Estate - David G. Mgrublian; Northwood Investors - John Z. Kukral TENANT: ByteDance - Zhang Yiming NOTE: ByteDance, the parent company of TikTok, is expanding its office space in Los Angeles County, adding over 143,000 square feet through a deal in Culver City. This expansion was one of the largest office signings in Los Angeles in the third quarter, amid a generally slowing office market.

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Deal Type
Effective Rent (Annual)

$16,422,121.75

Total Lease Value

$164,221,217.52

Net Landlord Cash Flow$16,422,121.75