Renovated Vic Studios in Burbank listed for first time in 20 years

The production studio was the birthplace of “The Ellen DeGeneres Show”

Los Angeles /
Oct.October 04, 2017 11:00 AM

The renovated, 3.2-acre Vic Studios facility at 1840 Victory Boulevard in Burbank Media Triangle has been listed for lease for the first time in two decades, The Real Deal has learned.

The campus includes two 4,000-square-foot studios, a 2,500-square-foot control room, a loading dock and free parking for 231 vehicles. The studios have outdoor common areas, energy efficient roofing and live broadcast capabilities.

Asking rent is $3.05 a square foot a month, according to listing details.

Los Angeles-based Hileman Cowley Partners, a joint venture between Cowley Real Estate Partners and the Hileman Company, acquired the 56,500-square-foot site for roughly $15.4 million in March 2016, records show. The developer recently completed the first phase of its rehabilitation.

Nico Vilgiate and Kyle Stanich of Colliers International have the listing.

The 1969-built Vic Studios was responsible for producing hits including “The Ellen DeGeneres Show,” “TMZ” and “The Peoples Court.”

Studios space has become one of the hottest real estate commodities in town, thanks to to the rising popularity of online videos and the renaissance of television. Investors like Hackman Capital Partners and Hudson Pacific Properties have swooped into the space, where demand has begun to far outpace the supply.

Sound stages have historically run at a utilization rate of about 70 percent,” JLL international director Carl Muhlstein said in June. “Today, many are running at close to 100 percent.”

Perhaps betting on the trend, CBS Corporation has been in discussions with brokerages to sell its 25-acre studio complex at 7800 Beverly Boulevard, TRD recently learned.


Related Articles

arrow_forward_ios
The future of San Francisco’s Oceanwide Center is up in the air again (Getty, Foster and Partners)

Contractors pull out as Oceanwide Center sale falls through again

Contractors pull out as Oceanwide Center sale falls through again
Granite CEO Michael Dardick and Industrious CEO Jamie Hodari

Industrious partners with landlords to offer tenants satellite workplaces

Industrious partners with landlords to offer tenants satellite workplaces
Burbank Studios with Blackstone's Nadeem Meghji and Jeffrey Worthe (Google Maps)

Blackstone partners with Worthe Real Estate on 500K sf office tower

Blackstone partners with Worthe Real Estate on 500K sf office tower
Jeffrey Worther and Blackstone’s Jonathan Gray with (clockwise from top left) Media Studios, The Point, 3800 Alameda and Central Park (Getty)

Here’s what tenants pay in Blackstone and Worthe’s Burbank office portfolio

Here’s what tenants pay in Blackstone and Worthe’s Burbank office portfolio
Colorado Campus at 2041-2115 Colorado Avenue and Northwestern Mutual CEO John E. Schlifske

Northwestern Mutual picks up Santa Monica office campus for $166M

Northwestern Mutual picks up Santa Monica office campus for $166M
Prop 15 property tax measure draws millions (Credit: iStock)

Prop 15 property tax measure draws millions of dollars from for and against campaigns

Prop 15 property tax measure draws millions of dollars from for and against campaigns
Netflix CEO Reed Hastings with the building (Credit: BENOIT TESSIER/POOL/AFP via Getty Images)

Netflix inks giant lease in Burbank for first dedicated animation studio

Netflix inks giant lease in Burbank for first dedicated animation studio
California is allowing barbershops and salons to reopen under new coronavirus mitigation guidelines (Credit: Noam Galai/Getty Images)

California allows barbershops to reopen, but LA holds back

California allows barbershops to reopen, but LA holds back
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...