PropertyJun 18, 2026, 04:57 PM
Honest Co. Leases New HQ in Playa Vista for $33.4M
AI Summary
The Honest Company, Inc. has entered into a 10-year lease agreement for approximately 38,240 square feet at 12121 Bluff Creek Drive, Suite 500, Playa Vista, California, to relocate its corporate headquarters by May 1, 2027. The total base rent over the initial term, after a ten-month abatement, is expected to be approximately $33.44 million. The company will also receive a $180.00 per rentable square foot tenant improvement allowance and is required to provide a $1.2 million letter of credit as security.
Key Highlights
- Honest Company entered into a new lease for approximately 38,240 rentable square feet for its corporate headquarters.
- The company plans to relocate its headquarters to 12121 Bluff Creek Drive, Suite 500, Playa Vista, California, by May 1, 2027.
- The initial lease term is 10 years from the Lease Commencement Date.
- The total base rent over the initial term, net of a ten-month abatement, is approximately $33,440,756.
- Honest Company will receive a one-time tenant improvement allowance of $180.00 per rentable square foot.
- A $1.2 million irrevocable letter of credit is required to secure obligations under the lease.
- The lease includes one five-year renewal option and an ongoing right of first refusal for additional space on the fifth floor.
Price Impact
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