HPP signs post-production firm to big lease in Hollywood

Company 3 is taking half of newly built Harlow building in Sunset Las Palmas Studios

Los Angeles /
Apr.April 13, 2021 02:20 PM
Hudson Pacific Properties CEO Victor coleman and Company 3 CEO Stefan Sonnenfeld with renderings of the Harlow building
Hudson Pacific Properties CEO Victor coleman and Company 3 CEO Stefan Sonnenfeld with renderings of the Harlow building

Hudson Pacific Properties has signed a post-production studio firm to a big lease at the newest addition to its Sunset Las Palmas Studios in Hollywood.

Company 3 will take 70,285 square feet at HPP’s newly built Harlow building, according to the Los Angeles Business Journal. The 11-year lease starts in the second quarter of 2022, according to the report.

HPP completed the four-story, 128,000-square-foot complex last year.

Blackstone Group acquired a stake in Sunset Las Palmas in 2020 in a deal with Hudson Pacific for a 49 percent stake in three of the company’s Hollywood properties. The other two are Sunset Gower and Sunset Bronson studios. HPP handles leasing, management, and further development of those properties.

Like most other commercial landlords in L.A., HPP struggled to fill space last year. Just a quarter of its office space was occupied at the end of 2020.

Still, it moved forward with plans to expand Sunset Gower Studio and secured city approval to add 500,000 square feet of space to the 16-acre property.

Company 3 also leases the entirety of HPP’s 3401 Exposition complex in Santa Monica. The company is owned by Deluxe Entertainment Services Group and specializes in color grading and other post-production services.

[LABJ] — Dennis Lynch


Related Articles

arrow_forward_ios
Hudson Pacific Properties CEO Victor Coleman with 3400 Hillview and 3176 Porter (Getty, HPP)
Hudson Pacific posts profit after 2 straight quarters of losses
Hudson Pacific posts profit after 2 straight quarters of losses
Bardas Investment Group founder David Simon and the site of the project. (Google Maps, Bardas, Getty)
Bardas Investment plans production studio at former Sears
Bardas Investment plans production studio at former Sears
Relevant Group’s Grant King and Richard Heyman with the Thompson and Tommie hotels (Relevant Group)
Relevant Group lands “rescue” financing for 2 boutique hotel projects
Relevant Group lands “rescue” financing for 2 boutique hotel projects
L’Oréal CEO Stéphane Rinderknech and Hackman Capital CEO Michael Hackman with a rendering of the project (888 Douglas)
Cosmetics giant L’Oréal inks lease at Hackman’s El Segundo campus
Cosmetics giant L’Oréal inks lease at Hackman’s El Segundo campus
Roku CEO Anthony Wood, Boston Properties CEO Owen Thomas and Colorado Center. (Bostom Properties, WikiMedia / Collision Conf)
Roku inks long-term lease at Colorado Center
Roku inks long-term lease at Colorado Center
Rexford Co-CEOs Howard Schwimmer and Michael S. Frankel and Quixote CEO Mikel Elliott. (Google Maps, Rexford, Quixote)
Rexford Industrial inks studio and equipment firm to big lease
Rexford Industrial inks studio and equipment firm to big lease
Photo illustration of Phillip Aarons and a rendering of the project (Patrick McMullan/Getty)
Hollywood megaproject along active fault line faces another test
Hollywood megaproject along active fault line faces another test
Tesla's new property is 82,000 square feet. (Getty, Daum Commercial)
Tesla inks big lease on office/warehouse in Santa Monica
Tesla inks big lease on office/warehouse in Santa Monica
arrow_forward_ios

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

Loading...