×
You will be redirected back to your article in seconds

Netflix Signs Lease For Entire 14-Story Hollywood Office Tower

Netflix is upping its Hollywood footprint, leasing the remaining five floors of the 323,000-square-foot Icon office building at Sunset Bronson Studios.

In August, Netflix leased 200,000 square feet in the Icon tower from property developer Hudson Pacific Properties. The additional lease amounts to another 123,000 square feet of space.

Hudson Pacific Properties said the majority of additional space Netflix is leasing in the Icon tower is at the same rental rate, and a portion at a higher rental rate. The $200 million Icon office tower is currently under construction, slated for completion in the third quarter of 2016.

Netflix has signed a 10-year lease for the Icon facility, commencing after construction is complete.

“Our Netflix deal remains the largest lease ever signed in Hollywood in terms of square feet,” Victor Coleman, chairman and CEO of Hudson Pacific Properties, said in a statement. “This is a landmark deal for Hollywood, for our company, for the project and Sunset Bronson Studios. The number of companies looking to be in Hollywood has shown no signs of slowing, so there’s still a lack of supply competitive to our product.”

The Icon building is located on a 4.4-acre site at the northeast corner of Sunset Bronson Studios lot, in the West Hollywood-Burbank media corridor one block west of the 101 freeway. The building, designed by Gensler Architects, includes 45-square-foot column free spans, 14-foot ceilings, floor-to-ceiling windows with panoramic views and terraced balconies on multiple floors.

Hudson Pacific’s other projects under way at Sunset Bronson Studios include a 1,600-space parking structure and a five-story, 96,000-square-foot production facility called The Hub. Those are scheduled for completion in late 2016.

The Sunset Bronson site is the original location of Warner Bros. Studios, where such landmark films as “The Jazz Singer” were filmed.

Also Thursday, Hudson announced that for its six-story Pinnacle I building in Burbank, Calif., iHeartRadio had renewed its 75,214-square-foot lease. Fox Twentieth Television has taken a lease on Pinnacle I’s remaining 31,588 square feet of space. Warner Bros. Entertainment leases all of Pinnacle II at the same site.

More Digital

  • JUMP camera

    Google Is Shutting Down Its Jump VR Video Program

    Google will shut down Jump, its cloud-based video stitching service, this summer. The company emailed creators Friday afternoon to tell them that Jump would be shuttered on June 28, and detailed plans for the shut-down on its website as well. In its email, Google justified the closure of Jump with the emergence of new video [...]

  • Relix Live Music Conference

    Relix Live Music Conference Puts Spotlight on Gender Parity, Privacy

    The third annual Relix Live Music Conference took place at New York’s Brooklyn Bowl earlier this week. The two-day confab, which featured panels and Q&As by executives from such companies as Live Nation, Q Prime, SiriusXM, Bowery Presents, Glassnote Music, Shorefire Media and Splice, among many others, offered a fascinating and honest look at the [...]

  • Spotify Tests 'Car Thing' Audio Adapter

    Spotify Starts Testing In-Car Hardware

    Spotify is carefully taking a first step into the consumer hardware space: The company has begun to test a new in-car device that lets users access music and podcasts with voice commands, it revealed in a blog post Friday morning. “Car Thing,” as the device is being called for now, is only being tested in [...]

  • Hannah-Hart-BuzzFeed-Tasty-Edible-History

    BuzzFeed's Tasty Taps Hannah Hart for Food-History Show on Facebook Watch

    YouTube star and food fanatic Hannah Hart is combining her passions for cuisine and history in a new series for BuzzFeed’s Tasty on Facebook Watch. The eight-episode show, “Edible History,” premieres Sunday, May 19, at 8 a.m PT, on BuzzFeed’s Tasty Presents show page on Facebook Watch, with episodes released weekly. In each episode (7-12 [...]

  • YouTube Music

    Songza Co-Founders Have Left YouTube Music Ahead of Google Play Music Shut-Down

    The three co-founders of Songza, a music curation startup acquired by Google in  2014, have left YouTube Music, Variety has learned. Former Songza CEO Elias Roman, former chief product officer Elliott Breece and former chief operating officer Peter Asbill all quietly transitioned to new positions at Google’s startup incubator Area 120 in March. A YouTube [...]

More From Our Brands

Access exclusive content