Robotics

Robotics Company Leases 35,000 Square Foot Property Once Occupied by JPL – Pasadena Now

14 recommended

Real estate service and investment firm CBRE on Wednesday announced that OffWorld Inc., a space robotics company, has signed a lease at a 35,640 square-foot property in Altadena formerly occupied by JPL.

OffWorld is expanding into the new office and research and development space at 540 W. Woodbury Road to accommodate the company’s growth.

“This latest transaction is reflective of the continued growth we are seeing in the Pasadena and Altadena areas by robotics, life science, technology & healthcare companies over the past year,” said Duffy. “This growth is helping to offset the limited expansion by professional services companies in the area.”

Tech, gaming and the creative sectors supported leasing activity in Los Angeles in the fourth quarter of 2021, according to CBRE research. Vacancy and overall sublease availability decreased in the face of strong demand in the last three months of the year, driven particularly by the creative and tech sectors as they took advantage of opportunities in the market.

CBRE’s Kevin Duffy, Natalie Bazarevitsch and Jackie Benavidez, alongside Colliers International’s Billy Walk, represented the landlord, Malik Bros LLC, in the transaction.

Get our daily Pasadena newspaper in your email box. Free.

Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m.

Source: https://www.pasadenanow.com/main/robotics-company-leases-35000-square-foot-property-once-occupied-by-jpl

Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button