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News release

LOS ANGELES, CA

Beachbody Expands Offices with New Lease for an Additional 69,000 Square Feet in Santa Monica by Taking Over Imax Building

JLL represents health and fitness company in headquarter expansion, bringing the Santa Monica total to 200,000 square feet of space


LOS ANGELES, May 17, 2016 – Beachbody, one of the world’s leading providers of fitness, nutrition and weight-loss programs has signed a new lease next to their current office to take over the former IMAX building.  The 69,000-square-foot expansion at Lantana Center located at 3003 Exposition Boulevard in Santa Monica, California brings Beachbody to 200,000 square feet for its corporate headquarters.

The new offices will primarily house Beachbody’s rapidly expanding technology team, who have been critical in supporting the company’s 24 percent compound annual revenue growth since moving to the Santa Monica campus eight years ago.  The role of the technology team has grown with the launch of the Beachbody On Demand digital streaming platform, the evolution of e-commerce and mobile platforms, and the ever-expanding use of big data analytics to help drive the domestic and international business. 

“We will create a state-of-the-art facility for the team to not only support the critical work that our tech team does, but also to attract the world-class talent we need to further support Beachbody’s amazing growth,” said Jon Congdon, Beachbody co-founder, President and Chief Marketing Officer. “This is going to be a really fun space that sparks creativity and helps our team have a great time at work, while helping Beachbody continue its evolution into a tech powerhouse.”

Beachbody has been in Santa Monica since 2008 and currently has over 600 employees in its Santa Monica headquarters and over 950 across the U.S.  With this additional space, the company will be among the top five in Santa Monica employer square footage, and as the building becomes fully occupied, Beachbody will be one of the top five private employers in Santa Monica.  Beachbody also actively supports the community, most recently through its partnership with Upward Bound House, which helped more than100 Santa Monica families get access to housing and essential support services.

“We are excited to grow our relationship with Beachbody as they expand their technology team, which will contribute to the community of creative professionals we are cultivating at Lantana,” said Michael Phillips, Jamestown. “As the health and fitness landscape evolves, Beachbody’s innovative approach to elevating their world class programs with digital platforms will continue to set them apart.”

JLL Los Angeles' team members Tom Turley, Jordan Kissel and Blake Searles represented Beachbody in the lease. The landlord, Jamestown, L.P., was represented by Jeff Pion, Blake Mirkin, Michelle Esquivel and Richard Ratner at CBRE.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: http://bit.ly/18P2tkv

About Beachbody, LLC
Beachbody, a worldwide leader in health and fitness headquartered in Santa Monica, California, was founded in 1998 by Carl Daikeler and Jon Congdon with the mission to help people achieve their goals and enjoy healthy, fulfilling lives. Beachbody’s formula of world-class fitness, nutrition, motivation and support has proven again and again to deliver genuine and lasting results for its customers. Through its digital interactive platform, Beachbody On Demand, the company is primed to lead the fitness industry in innovation, by providing individualized lifestyle solutions tailored to customers’ goals. Beachbody On Demand, featuring more than 400 streaming workouts, is available through its own mobile app for iPhone, as well as on Apple TV, Roku TV models, Amazon Fire and Google Chromecast, and now in over 120 countries around the world through BeachbodyGlobal.com. With its portfolio of iconic brands including P90X®, INSANITY®, 21 Day Fix®, and CIZE®; its “Daily Dose of Dense Nutrition” superfood shake, Shakeology; a rapidly growing Beachbody LIVE certified instructor community, plus the more than 450,000-strong Team Beachbody Coach network of independent distributors, the Beachbody name defines the power of putting a healthy lifestyle within everyone’s reach.  For more information please visit Beachbody.com.

About Jamestown
Jamestown, L.P. was established in 1983 as an investment and management company focused on income-producing real estate in the United States. Over the last 33 years, Jamestown has expanded into a national, vertically integrated real estate operator with approximately $11.1 billion of assets under management. Jamestown’s capabilities include: acquisitions, capital markets, property management, asset management, retail leasing, design, sustainability and risk management.  Jamestown has headquarters in Atlanta, GA, and New York, NY and additional offices in Boston, MA and San Francisco, CA. For more information, visit www.jamestownlp.com.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.