Vancouver-based mobile game developer Kabam has secured a lease for 105,000 square feet of office space at Vancouver Centre II (VCII), which is currently under construction by GWL Realty Advisors.
Kabam will be the new office tower’s lead tenant, leasing close to a third of the building’s 345,000-square-foot floor space across seven floors. The 33-storey tower is currently under construction at 753 Seymour Street with an expected completion date in 2021.
“It’s not surprising the building is already one-third leased before excavation is even complete,” said Geoff Heu, vice-president of development, Western Canada, for GWL Realty Advisors.
“With the current exceptionally low office vacancy rate of 3.9%, we are confident that VCII will be fully leased prior to completion.”
As VCII’s major tenant, Kabam will have access a number of amenities, including the 29th floor Skyline Rooftop Deck and a fitness facility, including a yoga room.
Kabam is one of the largest video-game developers in B.C., with its 172-member employees count in 2017 ranking fifth largest in the province for that year. The company won at the 2018 BC Export Awards on Nov. 22, beating out Arcana Studios and East Side Games in the Digital Media/Entertainment category.
The new lease at VCII is part of Kabam’s long-term growth plans. The company also has offices in San Francisco and Austin.