JAKKS Pacific Building in Malibu Sold

JAKKS Pacific

This story has been updated. Please see editor’s note below.

Entrepreneurial real estate services firm Industry Partners successfully brokered the sale of the 32,417-square-foot office complex of toy company JAKKS Pacific, located above Carbon Beach at 22619 Pacific Coast Highway in Malibu, according to a release from DB&R Marketing Communications, Inc. 

The iconic 32,417-square-foot office building, aka “The Enclave,” was designed by award-winning architect Clive Bridgewater and sold to Pacshore Partners. 

Founded in 1995, JAKKS operations outgrew the three-building office campus and will relocate to a new building in Santa Monica.

Characterized by contemporary architecture featuring steel columns and wood beams, the property also includes 180-degree ocean views, ample parking and large private balconies.

Sold by Theory R. Enclave LLC, the complex will be marketed toward either multi- or single-tenant use. 

In addition to the sale of “The Enclave,” Industry Partners brokered the sale of a two-story, 39,600-square-foot Playa Vista building previously owned by Garbo Holdings, LLC. 

Built in 1969, previous tenants included Sony and most recently Hydraulix, a feature film visual effects company. A significant core and shell renovation project will begin soon on the building, in hopes of attracting first-class creative tenants, according to the release.

Editor’s note: a previous version of this story listed an incorrect buyer for the property.