Tech Firm Plugging Into Building Marks Positive Sign for This Southern California Market
One of the largest leases signed in California’s coastal Santa Barbara County was a nod to the area’s highly educated workforce.
Curvature, an information technology company based in Santa Barbara, signed a lease for roughly 50,000 square feet at 7418 Hollister Ave. in Goleta in April 2022.
The lease, the third-biggest signed last year in Santa Barbara County, won a CoStar Impact Award for lease of the year in Santa Barbara after being selected by a panel of local industry professionals.
The deal gave Curvature half the building’s space. The company offers routers, optical networking, data center solutions and network equipment to offices in 12 countries.
Santa Barbara County’s economy is known for its software development companies in addition to its tourism industry. The county runs along the Pacific Ocean and is known for its shops, restaurants and winemaking.
About the project: Curvature plans to occupy roughly 50,000 square feet in Goleta, California. Majestic Asset Management, based in Agoura Hills, is the building’s owner after buying the property completely vacant in 2020, according to a statement by Hayes Commercial Group. The property is near the Ellwood Mesa Coastal Trail, which runs along the Pacific Ocean.
What the judges said: “The Curvature lease represented one of the largest leases in the county and will have a much larger impact on the overall market,” said Jason Hart, principal of Hart Commercial Real Estate.
CoStar’s Impact Awards highlight the commercial real estate transactions and projects that have transformed their markets over the past year. The winners are chosen by independent panels of industry professionals who work in the markets they judge. Learn more about the awards here.