Los Angeles –– CBRE announced that Miso Robotics, a developer of artificial intelligence-driven robots that assist chefs in food preparation, leased a total of 32,623 square feet of office and lab space at in Pasadena, Calif.
CBRE’s Scott Steuber, Hunter Brown and Jake Bobek represented the tenant. Todd Doney & Juliana Sampson represented the landlord at 680 E Colorado.
The company is leasing 21,994 square feet at 680 E Colorado and 10,629 square feet at 650 E Green St. With the new leases, Miso Robotics is expanding its current footprint of 3,000 square feet almost eleven-fold.
“These new locations will serve as Miso Robotics’ new headquarters and lab space for its Robotics Engineering Lab in Pasadena’s Playhouse Village,” said Steuber. “It is a continued testament to the growing tech and research & development scene in the City of Pasadena. These two new spaces will help the Miso Robotics team as their robotics automation business continues to thrive.”
The CBRE team just completed two other significant leases in Pasadena, one for Narrative Ads, a provider for social creative for the world’s leading performance marketers, and one for Pasaca Capital, a private investment company focused on technology innovation.
Tech, gaming and the creative sectors supported leasing activity in Los Angeles in the third quarter of this year, according to CBRE research. Greater Los Angeles experienced negative net absorption in Q3 of 36,315 square feet, but a marked improvement from the average 2 million square feet of negative net absorption seen each quarter from Q2 2020 through Q1 2021.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.