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Sport-focused media company Pac 12 Enterprises has lined up 70,000 sqft of office space in San Francisco to become its new headquarters.
The company is responsible for all the broadcast licensing and event planning around the Pacific 12 athletic conference that takes place on the US West Coast and its bosses have been on the look out for a new operational hub.
An 11-year lease has now been signed by the company on offices in the South of Market (SoMa) district, which is renowned as one of California’s leading hotbeds for technology related business development.
“We love the vibrancy of San Francisco and believe it will be very conducive to the environment we envision,” said Pac 12 Enterprise’s president Gary Stevenson. “As we determine how we will distribute our content it is exciting to know we are very close to the most innovative and forward thinking companies. We are in the ideal location. It’s very exciting.”
Pac 12′s leasehold renting deal was struck with Kilroy Realty, the owner of the relevant office building at 370 Third Street and one of the largest office owners in the entire American West Coast.
There are a number of intersecting elements to Pac 12′s business, with digital networks and broadcasting forming part of it but large-scale administrative work needing to be done to ensure that the intellectual property rights of its sporting events are protected.
San Francisco mayor Edwin M Lee was among those to welcome the company to its new headquarters. He said: “Pac-12 Enterprises will not only have access to the best and brightest creative talent for their staff here but they will also tap into the city’s innovative culture and entrepreneurial spirit.”
Kilroy Realty’s boasts around 11.6 million sqft of rentable commercial property at dozens of sites including several in Los Angeles, San Diego and the greater Seattle area.