Technology company signs 28,688 square foot sublease for new headquarters
JLL represented System1 in the sublease
LOS ANGELES, April 19, 2021 – JLL announced today that System1, a leading omni-channel customer acquisition company, has signed a sublease for 28,688 square feet of space at 4235 Redwood, a freestanding 49,846-square-foot building in the Marina del Rey area of Los Angeles, California. The new lease represents a relocation of the firm’s headquarters from Venice.
JLL’s Gary Horwitz, Kamil Agha and Blake Searles represented System1. The sublessor was represented by Cresa.
"We searched for a new headquarters space that would provide an open, healthy environment for our employees and which is reflective of our progressive culture," said Beth Sestanovich, System1 COO. "The building and the area are the perfect place for employees to call home. We are excited to bring our team back into this amazing, single-location, collaborative space after a more than a year of working remotely.”
Horwitz went on to say “This sublease is a perfect example of how forward-thinking companies are taking advantage of well-located, beautifully built-out office spaces with very attractive lease economics.”
System1 operates the most powerful acquisition marketing platform (RAMP), enabling omni-vertical customer acquisition across every major advertising network. Founded in 2013, the company is headquartered in Marina del Rey, CA, with additional offices in the U.S., Canada and the UK and has over 300 employees.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.