Production company inks 12-year lease at Long Island City spot

RWS and Associates Entertainment set to take space at 34-01 38th Avenue

TRD New York /
Jul.July 29, 2014 03:55 PM

RWS and Associates Entertainment, a production company that tours the world, signed a long term lease for 32,000 square feet in Long Island City.

The four-story building at 34-01 38th Avenue is 218,000 square feet and four stories.

The deal, in aggregate, is more than $10 million for 12 years, said Jeffrey Rosenblatt who brokered the deal on behalf of NGFK for the tenant.

The asking price was between $20 and $30 per square foot, Rosenblatt said.

Rosenblatt, currently executive managing director at Coldwell Banker Commercial Alliance, added that the Long Island City location was appealing because of its proximity to Midtown Manhattan and relatively affordable rent.

The size of the space – the production company will have a permanent studio and rehearsal space on the ground floor and offices on the third floor of the building was also part of the decision to relocate to Queens, Rosenblatt said.

The area – where Kaufman Studios are also located – is gaining in popularity, Rosenblatt said. He said he looked at large spaces in Brooklyn, but “they were too far out. This felt right.”

Joseph P. Day Realty Corporation – which is both the owner and the agent in this deal – wasn’t immediately available to provide a comment on the deal.

RWS is moving its offices from 1560 Broadway and had been leasing studio space across the city.

Renovations are currently underway on the building’s lobby. RWS is expected to move into their new home – and put signage of its name on the façade of the building – at the end of the year, Rosenblatt said.


Related Articles

arrow_forward_ios
Jackson Park at 28-40 Jackson Avenue and Tishman Speyer's Rob Speyer (Credit: StreetEasy and Tishman Speyer)

Tishman Speyer locks in $1B in financing for Jackson Park

Clutter CEO and co-founder Ari Mir, and clockwise from left: 280 Fullerton Avenue, 1 Holland Avenue, 3046 Northern Boulevard and 5601 Foster Avenue (Credit: Linkedin, Google Maps)

Self-storage startup Clutter makes its first real estate play with $152M deal

43-20 49th Avenue in Long Island City and Andrew Chung of Innovo Property Group (Credit: Google Maps)

Andrew Chung tees up Queens’ biggest deal of 2019

Court Square Place at 24-01 44th Road in Queens and The New York Times' A.G. Sulzberger (Credit: Google Maps and Getty Images)

All the news that’s fit for Queens: NYT inks lease in Long Island City

Corcoran President & CEO Pamela Liebman (Credit: Corcoran, Getty Images)

Welcome to Queens: Corcoran opens first borough outpost

A rendering of Skyline Tower (Credit: Skyline Tower LIC)

A luxury development in LIC is to blame for viral subway flooding video: MTA

Clockwise from top left: 950 and 957 Woodycrest Avenue in the Bronx and 47-50 30th Street in Queens (Credit: Google Maps)

Here’s what the $20M-$30M NYC investment sales market looked like last week

5Pointz Towers and David and Gerald “Jerry” Wolkoff (Credit: CityRealty and Pixabay)

“We were always pro-artist”: Developer that knocked down 5Pointz wants to patch up relationship with NYC artists

arrow_forward_ios