Commercial real estate services firm Avison Young has completed a 45-month office lease with Science, Inc., a technology incubator and investor.
Science, Inc. will occupy 16,220 square feet (sf) at 1447 2nd Street. in Santa Monica, CA.
Avison Young principal Randy Starr and Tim Dornan, a vice-president in the company’s Santa Monica office, represented Science, Inc. in the transaction.
The landlord, Beitler Commercial Realty Services, represented itself.
Built in 2000, the four-story property totals 24,578 square feet and offers exposed ceilings, polished concrete floors, private balconies and ocean views.
With the Science lease, the property is now fully occupied. The space was previously occupied by Hydraulx.
Science, Inc. is relocating and expanding from its 10,000-sf office space just steps away at 1410 2nd Street.
“Science, Inc. wanted to stay in downtown Santa Monica because it is where the company’s talent wants to work,” Starr said. “We were able to successfully negotiate a below-market rental rate in a highly competitive market.”