LA North Studios signs big lease in Santa Clarita

Soundstage and studio operating firm provides services to the likes of Netflix and Disney

Los Angeles /
Nov.November 20, 2020 12:00 PM
Matt Khourie and David Gilbert (The Center at Needham Ranch)
Matt Khourie and David Gilbert (The Center at Needham Ranch)

LA North Studios, a soundstage and studio operating firm, has signed a big lease in Santa Clarita, as the increase in original content from Netflix, Amazon and Disney has boosted business.

The firm inked a deal for 113,640 square feet at Trammell Crow and Clarion Partners’ The Center at Needham Ranch, according to Commercial Observer. LA North Studios will operate the property as a satellite soundstage hub, which will open next year.

LA North Studios provides production and soundstage services to companies including Amazon Studios, Netflix and Disney.

Demand has been healthy despite, or perhaps even because of the pandemic. Demand from consumers stuck at home is part of that equation. Covid-related shutdowns in the spring led major streaming companies like Netflix, Hulu and Disney to ramp up production when restrictions.

That has also attracted investors to the real estate that serves the sector. Blackstone cut one of the biggest deals in June when it bought a 49 percent stake in Hudson Pacific Properties’ Hollywood studio and office portfolio.

Other investors have made plays as well, including Hackman Capital and Square Mile Capital.

The latest news comes less than a week after Trammell Crow and Clarion announced that beverage maker DrinkPAK was leasing 172,000 square feet at The Center at Needham Ranch, which Commercial Observer first reported. Amazon also signed a 100,000-square-foot lease there in May. In June, Amazon inked a lease for a 155,000-square-foot warehouse in the Santa Clarita Valley, at the IAC Commerce Center in Valencia. [CO] — Dennis Lynch


Related Articles

arrow_forward_ios
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
Bob Iger, Reed Hastings and (clockwise from top left) Sunset Las Palmas, Sunset Bronson and Sunset Gower Studios (Getty, Google Maps)

Here’s what Netflix, Disney and CBS pay at their Hollywood digs

Here’s what Netflix, Disney and CBS pay at their Hollywood digs
Los Angeles skyline (Credit: iStock)

LA office leasing drops in Q4 amid WeWork, tech sector pullback

LA office leasing drops in Q4 amid WeWork, tech sector pullback
Clarion CEO David Gilbert, Rockpoint co-founders Keith Gelb and Bill Walton, and one of Rockpoint’s Torrance properties (Credit: iStock)

Clarion Partners pays $126M for Torrance multifamily portfolio

Clarion Partners pays $126M for Torrance multifamily portfolio
1200 W. 7th Street and 5750 Wilshire Boulevard (Credit: Google Maps)

Here are LA’s biggest office leases of 2019

Here are LA’s biggest office leases of 2019
Hudson Pacific Properties CEO Victor Coleman and the Westside Pavilion (Credit: Google Maps)

Hudson Pacific wants full control of Google-leased One Westside; not sweating WeWork

Hudson Pacific wants full control of Google-leased One Westside; not sweating WeWork
La Mirada industrial building

Clarion pays $77M for La Mirada industrial project

Clarion pays $77M for La Mirada industrial project
ASB CEO Robert Bellinger and Columbia Business Park

This industrial deal was one of the biggest acquisitions ever in Inland Empire

This industrial deal was one of the biggest acquisitions ever in Inland Empire
arrow_forward_ios

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

Loading...