Tech Firm's Big Growth Plans
When big names (think DirectTV, Comcast, Virgin Media, Wyndham and Proactiv) want to turn online traffic into buyers, they often call on TouchCommerce, a fast-growing e-biz engagement solutions provider, which just inked a deal in the west San Fernando Valley for an HQ expansion and relo. (Wonder if they'll have an easy time getting cable.)
Yesterday, we chatted with Newmark Grubb Knight Frank executive managing director David Kluth (right), who repped TouchCommerce in the 26k SF plug-and-play deal along with colleague Josef Farrar. The tenant has 172 employees now and expects to up headcount by 20% by year's end, having doubled in size since 2010. The transaction increases TouchCommerce's space by 30%.
The new HQ (29903 Agoura Rd in Agoura Hills) is owned by Realty Bancorp Equities, repped by managing member Norman Kravetz. The previous tenant was gaming company THQ. No wonder Touch Commerce likes the area: David notes Agoura Hills has a diverse tenant base with a sizable roster of fellow tech firms. The NGKF team also included Ryan Harding and Aliya Coher. On Aug. 3, David will compete in the Dwight Crum Pier-to-Pier Swim, a long-distance event that takes contestants from Hermosa Beach to Manhattan Beach.