8:30 AM
Newmark has announced the completion of a new lease for Miro for its US headquarters. The Perm, Russia-based visual collaboration platform, which assists companies in creating, collaborating, and centralizing communication across organizations will locate its US headquarters to more than 7,178 square feet of office space at ROW DTLA.
Newmark Executive Managing Director Ryan Harding represented the tenant in the lease agreement with ROW DTLA landlord Atlas Capital LLC.
“As Miro considered options for their headquarters location, they went through a long process to evaluate many submarkets throughout Los Angeles. They selected the ROW because of its constantly expanding amenity base, the proximity to talent throughout the city and the overall quality of the recently renovated project,” noted Harding.
ROW DTLA has nearly 2 million square feet of space spread across six buildings. It has 65 spots for retail and restaurant operations and 1.3 million square feet of creative office space featuring large flexible floor plans, high ceilings and large, oversized windows. Current office occupancy at ROW DTLA is approximately 82 percent.
According to Newmark, the Los Angeles Arts District and ROW continue to attract the highest quality companies because of the amenities, the like-minded firms relocating there and the general “cool” factor of the district.
“Recruiting and retaining talent to unique buildings and projects such as this, and submarkets like the Arts District has been a tremendous benefit for all companies relocating and/or expanding there,” added Harding.
About Newmark
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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