Two new sound stages were constructed in existing buildings, leased from Avalon Investments for five years for a consideration of $1.7 million on four acres adjacent to the 14-acre Valencia Studios, says spokesman John Portman. Jim Ebanks of Woodland Hills-based Realty Advisory Group represented both parties in the transaction.

The six existing full-service sound stages total 120,000 sf and are fully booked, Portman says. One of the newly created stages will be used for production of the TV series "JAG," which has been produced at Valencia Entertainment's facilities for the past four years.

Thanks to the Santa Clarita Valley's location within the 50-mile circle centering on Hollywood, the area is a popular location for movie, TV and commercial production, says Amber Skowronski of the Santa Clarita Film Bureau.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Industrial
Leasing
Los Angeles