Netmarble, a South Korean game publishing company, has decided to move its California offices from Orange County to Downtown Los Angeles. The mobile gaming giant recently signed a five-year lease at 600 Wilshire Blvd. in the city’s Financial District.
The new 14,000-square-foot Los Angeles office space on the 11th floor of the 17-story skyscraper will accommodate the company’s growing employee base, including marketers and programmers, whose ranks are expected to swell from 57 to 80. According to the Los Angeles Times, Netmarble is set to relocate into its new offices in June. The move is going to bring the game publisher closer to its clients, which include The Walt Disney Co., LucasFilms, and Marvel Entertainment.
The company’s new home is a 310,800-square-foot Class A mixed-use building boasting a 6.5% vacancy rate, per Yardi Matrix data. The high-rise currently houses 46 other companies active in the engineering, accounting, HR, legal, and telecommunications fields. Noteworthy tenants include Industrious, Jacobs, Looking Glass Networks, Evite, First Commercial Bank, and UBTECH. The LEED-certified glass-clad tower also features 3,042 square feet of retail space.
The multi-tenant property at 600 Wilshire was built in 1980 and completely renovated in 2002. In 2014, it was bought by the Onni Group in a $78 million transaction, and was further revamped to include a fitness center and a conference room. The building is within walking distance of retail, fine dining, and entertainment venues, including LA Live, The Bloc, and The Staples Center.
Netmarble’s previous home was a 5,900-square-foot space within Centerpark Plaza, located at 6131 Orangethorpe Ave. in Buena Park, Orange County. Built in 1970, the Class B property benefits from a robust tenant roster comprising 25 companies, Yardi Matrix data reveals.