CULVER CITY — Scopely, a leading interactive entertainment and mobile games company, has agreed to lease 60,000 square feet of office space at a new property.
The building is an expansion of Runyon Group’s Platform project. Scopely and Runyon are collaboratively building out the under-construction space to best suit the needs of the business.
Jacob Bobek of CBRE represented the tenant. Landlord Joseph Miller and David Fishbein of Runyon Group represented themselves.
Following a massive year for Scopely, which recently launched two new games — Star Trek Fleet Command and Looney Tunes World of Mayhem — the company will more than double its Los Angeles footprint by 2020, significantly expanding its headquarters upon completion of the project late next year.
Platform, which first opened in 2016, is expanding just west of its current 130,000-square-foot space. Its flagship property is currently home to 50,000 square feet of retail and restaurant space and 80,000 square feet of creative and office space.
The building, located at 8888 Washington Blvd., is expected to be completed in late 2020. Scopely will occupy the entire available office space at the four-story property (floors two through four); the ground-floor space will be retail.
“We’re excited to expand our L.A. footprint to accommodate our exponential growth,” said Walter Driver, co-founder, chairman and co-CEO of Scopely. “In just the last few years, Scopely has grown 15 times and this beautiful new space will allow us to continue to scale our physical presence to align with our rapidly expanding product portfolio and growing team.
“We couldn’t be more excited about this next step in our adventure.”
Culver City is a thriving submarket within the Southern California region, due to constrained supply of office space in the face of ever-increasing demand from tenants. Culver City is expected to continue to boom, including other new developments such as Ivy Station and Culver Steps.
“The biggest entertainment and tech companies have been securing as much space as possible in downtown Culver City,” Bobek said. “A longtime home of Sony Pictures, the area has become increasingly popular due to its strategic mid-city location and abundance of easily accessible amenities and transportation.
“The Platform expansion will be a state-of-the-art building that will serve as a fantastic new headquarters for rapidly expanding Scopely and will allow them to continue to grow the business and team.”
Scopely currently leases 28,000 square feet in the Hayden Tract area, just half a mile from Platform. Until completion, Scopely will temporarily take 4,000 additional square feet of space in the Samitaur Building in the Hayden Tract area.
Scopely has been in its current L.A. headquarters since June 2015 and has expanded a number of times since then. In late 2017, Scopely also expanded its operations to Barcelona, leasing 7,000 square feet of office space for its growing international team. The office now has more than 75 employees.
Scopely has raised more than $250 million in financing from leading venture capitalists, tech luminaries and cultural icons including Greenspring Associates, Greycroft Partners, Revolution Growth and Evolution Media Partners as well as Kobe Bryant, Arnold Schwarzenegger and Peter Guber (CEO of Mandalay Entertainment), among many other notable investors.
Scopely is a global interactive entertainment company and leading mobile games publisher. With a
diverse portfolio of original franchises including the award-winning Star Trek Fleet Command, Looney Tunes World of Mayhem, WWE Champions, and Walking Dead: Road To Survival, Scopely games provide experiences for millions of casual and core gamers around the globe.
Founded in 2011, Scopely is home to a proprietary technology platform that creates personalized user experiences and effectively monetizes free-to-play games at scale with multiple franchises each achieving more than $300 million in lifetime revenues.
Wave Staff Report