Russia-based collaboration platform Miro has signed a lease for 7,178 square feet at ROW DTLA in the Arts District. It will be the group’s U.S. headquarters.
Newmark Knight Frank announced the lease July 9. NKF’s Ryan Harding represented Miro. CBRE Group Inc. represented the landlord, Atlas Capital.
Harding said in a statement that Miro selected the location “because of its constantly expanding amenity base, the proximity to talent throughout the city and the overall quality of the recently renovated project.”
Terms of the lease were not disclosed, and the announcement did not say what date Miro would move into the space.
During the second quarter of the year, asking rates downtown were $3.83 a square foot, according to data from Jones Lang LaSalle Inc., which would value the lease at roughly $330,000 a year.
Miro isn’t the only company interested in ROW DTLA. Ghost Management Group, which runs weedmaps.com, has signed a lease for a 115,000-square-foot office at the complex, according to an announcement last month.
ROW DTLA has nearly 2 million square feet of space in six buildings, including 1.3 million square feet of creative office space.
Commercial real estate reporter Hannah Madans can be reached at email@example.com. Follow her on Twitter @HannahMadans
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Ghost Management Group Signs 115K SF Arts District Lease
- Weedmaps Plans Move to Huge Downtown Office
- WeWork Announces Two New Locations
- Video Startup Leases 104K SF in Arts District
- WeWork Opening New 116K SF Space in Santa Monica
- 71K SF Leased by Co-Working Company, Real Estate Firm in Pasadena
- CommonGrounds Expands LA Coworking Footprint with Downtown Lease
- Co-Working Company Spaces Taking Nearly 70K SF at Water Garden in Santa Monica