Image-based advertising firm GumGum, Inc. has signed a five-year office lease valued at $1.35 million with real estate firm Avison Young for 4,390 square feet on the sixth floor of the historic Clock Tower building at 225 Santa Monica Blvd.
“The Clock Tower is one of the most desired, creative-space addresses for technology and entertainment businesses within Silicon Beach,” said Avison Young Principal Randy Starr. “This prestigious space will help GumGum attract and retain some of the area’s best talent.”
Built in 1929, the 12-story Clock Tower is Santa Monica’s second-tallest building. The landmark property offers tenants unobstructed ocean views and was recently fully restored while maintaining its art deco architectural style. Other building tenants include: TrueCar, Inc., LivingSocial, Inc. and Gerber Group.
GumGum will be relocating in January 2014 and expanding from its current Santa Monica location at 1207 4th St. where it currently occupies 2,400 square feet.