Release Date: February 21,2019
Software company Invoca recently leased the 27,773-square-foot building at 419 State St. in downtown Santa Barbara.
The company moved from a 14,746-square-foot office at 1025 Chapala St.
Francois DeJohn, Steve Hayes, and Kristopher Roth of Hayes Commercial Group represented Invoca in the transaction.
The space had previously been occupied by Sonos, which recently shifted its employees to other offices downtown.
Invoca will sublease the building from Sonos for about a year and then commence a five-year direct lease with the property owner.
Greg Bartholomew, also of Hayes Commercial, represented the property owner along with DeJohn and Hayes. Bartholomew also represented Sonos in the sublease deal.
“We are excited about this move for two reasons,” said Dave Coburn, senior vice president of finance and operations for Invoca. “First, with our employees working, shopping, and eating on State Street, Invoca hopes to contribute to the ‘revival’ of this area. Also, our Santa Barbara team looks forward to being able to walk to everything, including the beach and the Funk Zone.”
Invoca provides artificial intelligence-powered call tracking and analytics for marketers. The tech company has received $60.8 million in funding from various investors, including Santa Barbara-based Rincon Venture Partners.
“We have been working with Invoca since the early days, and it’s been exciting to see their growth and success,” DeJohn said. “This is a remarkable company and a great tenant for State Street.”
In another shift, Well Health Inc. has moved into Invoca’s former space at 1025 Chapala St. It will be moving from 5,708 square feet at 12 E Carrillo St.
Hayes Commercial’s Caitlin McCahill Hensel and Kristopher Roth represented Well Health Inc, while Dejohn and Hayes represented the landlord at 1025 Chapala St.
Well Health Inc., headquartered in Santa Barbara since its founding in 2015, provides a platform for patients to communicate with health-care organizations.
"Well Health has already outgrown two office spaces since moving their headquarters here in late 2017,” Hensel said. "1025 Chapala St. gives them ample space to grow in place for a while. This shuffle of downtown office tenants proves that there is demand to be downtown and walkable to the amenities of State Street."
In addition to other tech companies such as Sonos, LogicMonitor, RightScale, and Invoca that have set up shop near downtown, Amazon, as originally reported by Noozhawk, will move into 46,813 square feet at 1001 State St. later this year.