Lucas recently announced that he is combining his film production, video game and special effects companies under one name, Lucasfilm Ltd. The four companies, Lucas Digital, LucasArts Entertainment, Lucas Licensing and Lucasfilm will relocate from Marin to the 850,000-sf Digital Arts Center campus in 2005, when the project is completed.

At the groundbreaking ceremony, Lucas said that the new project would "put a stake in the ground" for San Francisco as a filmmaking city. "San Francisco has always had a quality of filmmaking that most people have not been able to recognize--we always get shoved under the title Hollywood," he added.

Last year, Lucasfilm signed a ground lease with the Presidio Trust worth $5.8 million annually in rent.

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.