Los Angeles, CA (June 9, 2021) – Today, WeWork and FabFitFun, the leading lifestyle and e-commerce membership for women, announced the signing of a multi-year agreement for the company’s new headquarter space in West Hollywood. FabFitFun will call WeWork Pacific Design Center their new home, taking over a full floor in the Green building – roughly 55K sqft.
“We are thrilled to welcome FabFitFun back into our space,” said Elton Kwok, Territory Vice President for WeWork California. “Over the past few years we have built a strong relationship with FabFitFun, and as their space needs have fluctuated WeWork has offered that flexibility. As companies return to the office, we are seeing an increased demand month over month for our product and the flexibility we can offer.”
FabFitFun has signed a multi-year agreement at the iconic Pacific Design Center Green Building located at 8687 Melrose Ave. WeWork completely reimagined and redesigned what was formerly a traditional space into a state of the art creative workspace. WeWork’s space in the Green Building features podcast studios, styling suites, photo / casting studios, director studios and a large classroom. The 1.6 million square-foot Pacific Design Center is home to the West Coast’s top decorating and furniture market, featuring showrooms as well as public and private spaces.
“We are very excited to have found a new home for FabFitFun and WeWork has not only been able to offer us the flexible office space solution that we were looking for but a fully furnished, beautifully designed space with access to incredible amenities for our growing team,” said Michael Broukim, Co-CEO and Co-Founder at FabFitFun. “As we look to return to work and the future of the workplace, the ability to quickly have access to turnkey, intentionally designed space is paramount.”
John Zanetos, Chris Penrose, Phil Ruhl and Kelli Snyder of CBRE represented WeWork. Eric Duncanson and Marques Williams of Cushman & Wakefield represented FabFitFun.
“This transaction is indicative of the increasing demand for flexibility that companies are seeking when planning for office space in a post COVID environment,” said Zanetos. Added Penrose, “FabFitFun ultimately made the commitment with WeWork due to the highly improved, fully furnished space with great design quality finishes and plug-and-play features. WeWork created a solution that is tailor-fit for FabFitFun’s requirements.”
Flexible office space is increasingly considered a strategic solution for a broad range of companies, according to CBRE research.
About WeWork:
WeWork was founded in 2010 with the vision to create environments where people and companies come together and do their best work. Since opening our first location in New York City, we’ve grown into a global flexible space provider committed to delivering technology-driven flexible solutions, inspiring, safety-focused spaces, and unmatched community experiences. Today, we’re constantly reimagining how the workplace can help everyone, from freelancers to Fortune 500s, be more motivated, productive, and happy—because that’s how tomorrow works. For more information about WeWork, please visit us at wework.com.
About FabFitFun:
Founded in 2010 by Co-CEOs Daniel and Michael Broukhim and Editor-in-Chief Katie Echevarria Rosen Kitchens, FabFitFun is a lifestyle membership and shopping experience whose mission is to deliver happiness and wellbeing to everyone, everywhere. Its flagship product, the FabFitFun Box, delivers a curated collection of full-size products across beauty, fashion, fitness, wellness, home, and tech – each season. In addition to the Box, FabFitFun members receive access to year-round perks including the FabFitFun online Community, members-only shopping experiences, exclusive digital content, and more. Join FabFitFun by visiting fabfitfun.com.
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. Please visit our website at www.cbre.com.
