Netflix signs another big lease with Hudson Pacific Properties

Company inked a 10-year lease for multiple stages on Sunset Bronson lot

Oct.October 18, 2016 01:00 PM

Netflix just inked a lease for several stages at Hudson Pacific Properties’ Sunset Bronson Studios, just months after pre-leasing the entire Icon office building that the developer is constructing next door.

The 10-year lease in the studio complex at 5800 West Sunset Boulevard is part of Netflix’ efforts to consolidate its presence in Hollywood, according to the Hollywood Reporter.

The streaming company first signed on for 200,000 square feet in the unbuilt 14-story Icon building last year. In February, it was revealed by The Real Deal that Netflix committed to an additional 10-year lease for the remaining five floors of Icon — that’s another 123,000 square feet.

“This deal also fulfills Hudson Pacific’s vision of bringing a major content producer to Hollywood, and highlights the changing nature of the studio business,” Victor Coleman, chairman and CEO of Hudson Pacific Properties, said Monday in a statement cited by the Reporter. [THR]Cathaleen Chen

Related Articles

Victor Coleman and Bentall Centre in Vancouver

Hudson Pacific adds another 500K sf of leases in Q2; pushes into new markets

Victor Coleman and a rendering of Maxwell redevelopment in the Arts District

After a strong Q1, Hudson Pacific ups the ante in Vancouver, co-working

Netflix inks leases for another 170K sf in Hollywood: sources

Netflix in talks to buy Hollywood’s historic Egyptian Theatre

Movers & Shakers: Merger forms Waterford Property Co., Newmark hires industrial expert…and more

WeWork nearing deal at Hudson Pacific’s Maxwell project in Arts District: sources

FAANG firms are scooping up the biggest office spaces in LA. Is it too good to be true?

Tech and media companies were boon for LA office market in Q4: CBRE