Fab Factory Entertainment has leased a 66,000-square-foot postproduction studio, office and event center in East Hollywood.
The North Hollywood-based production unit of Fab Factory inked a master lease for the three-story building at 1377 North Serrano Avenue, the Los Angeles Business Journal and the Commercial Observer reported. Terms of the lease were not disclosed.
The building, dubbed Fab Factory South, once served as the postproduction hub for Netflix. It has 11 studios and several sound suites, as well as a Crystal LED Theater on the top floor, one of only three in L.A.
The complex has 10,000 square feet of event space, with parking for more than 400 cars.
Fab Factory has signed two subleases, including one for In the Black Network, a streaming service founded by former Fox Soul executive James DuBose that highlights Black voices and stories. The other is for Lux Angeles Studios, a production and postproduction services group.
Terms of the subleases were not disclosed. Additional tenants are expected to join soon.
The property is owned by New York-based The Georgetown Company, according to property records. Georgetown bought the building in early 2022 for $93 million. The seller was a business sharing an address with Gemdale USA, the Pasadena-based U.S. unit of Gemdale in China.
Fab Factory was founded in 2016 by father-and-son Steven and Shaun Fabos. The firm is split into two divisions: Fab Factory Studios, which has 110,000 square feet of multimedia production studios; and Fab Factory Entertainment, a television and production enterprise, according to the company.
“What we’ve learned over the last few years is that Hollywood’s creative community needs high-tech workspaces that are functional, comfortable and inspiring to work in,” Rebecca O’Hara, co-CEO of Fab Factory, said in a statement.
“The success we’ve had with Fab Factories in North Hollywood has compelled us to expand in a major way. Fab Factory South will become a new creative hub, conveniently located in the center of the country’s entertainment capital.”
Hollywood has seen few entertainment-related office leases this year, according to the Observer.
In February, Korean video game company Com2uS opted to move its U.S. headquarters from El Segundo to a 12,000-square-foot office at Sunset Media Center on Sunset Boulevard in Hollywood.
— Dana Bartholomew
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