GoCoin To Relocate To Larger Santa Monica Office Space

Saturday, 1 Mar 2014, 9:24:00 AM

Brenton Garen

GoCoin is moving its office to the Keller Block building on the northwest corner of Third Street and Broadway.
Courtesy Photo
GoCoin is moving its office to the Keller Block building on the northwest corner of Third Street and Broadway.

GoCoin, an international payment-services company, will occupy 7,000

square feet office space at 227 Broadway in Santa Monica after a

multi-year office lease was signed earlier this week.

Avison Young Principal Randy Starr, based in the company’s Santa

Monica office, represented GoCoin as well as the landlord, Third Street

Limited, in the transaction.

GoCoin is relocating and expanding to occupy the entire third floor

of 227 Broadway, also known as the Keller Block building, a

22,500-square feet building registered by the City of Santa Monica as a

Historic Landmark.

The architecture of the three-story property, constructed in 1893, is

a regional interpretation of the Romanesque Revival style.

With GoCoin’s lease, the Keller Block Building is now fully occupied.

Other tenants include Partos Company, Papyrus, and the City of Santa

Monica.

Starr said this was a strategic move to the heart of Silicon Beach in

terms of location and recruiting new talent to the company.

“The challenge in finding a space for GoCoin was to identify a

property that was as turn-key as possible so that the tenant wouldn’t

have to go through the typical tenant-improvement construction process,"

Starr said. "I was able to negotiate a below-market deal for the

tenant, while saving the landlord capital in regard to construction

dollars.”

Starr said the building offers GoCoin the ability to expand to

additional creative space on the second floor as space becomes

available.

GoCoin is moving its office from the Real Office Centers-ROC Santa

Monica location – a collaborative workspace for startup companies.

Situated on the northwest corner of Third Street and Broadway, the

Keller Block building has surrounding operable windows over the Third

Street Promenade and Broadway and has a history of attracting creative

firms.

GoCoin is a leading international payment platform enabling merchants

to accept digital currency such as Bitcoin and, more recently, Litecoin

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