Call analytics company Invoca recently leased office space in downtown Santa Barbara, upgrading its headquarters to 27,773 square feet at 419 State St.
The move marks a significant expansion from the firm’s former 14,746 square-foot office at 1025 Chapala St., according to a Feb. 20 news release from Hayes Commercial Group.
Francois DeJohn, Steve Hayes, and Kristopher Roth of Hayes Commercial represented Invoca in the transaction.
Sonos had occupied the building since 2013, but no longer needs the space as it shifts employees to other offices downtown, the release stated. Invoca will sublease the building from Sonos for about a year and then commence a five-year direct lease with the property owner.
Greg Bartholomew, also of Hayes, represented the property owner along with DeJohn and Hayes. Bartholomew also represented Sonos in the sublease deal.
“We are excited about the move for two reasons,” said Dave Coburn, Invoca’s senior vice president of finance and operations, in the release. “First, with our employees working, shopping, and eating on State Street, Invoca hopes to contribute to the ‘revival’ of this area. Also, our Santa Barbara team looks forward to being able to walk to everything, including the beach and the Funk Zone.”
In the past decade, dozens of tech companies — including Sonos, LogicMonitor, RightScale and Invoca — have set up creative office space on and near State Street, the release stated.
Invoca reported that in the second half of 2018, it grew annual contract values by 115 percent, compared to the same period in 2017, according to a Feb. 20 news release from the company. That included bringing on some major customers, including top mortgage lenders and wireless carriers.
The company also said it would be hiring employees. Invoca also currently has offices in Colorado and San Francisco.