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Film Companies Lease Nearly 90,000 SF

LOS ANGELES-New Line Cinema signs for 66,000 sf at the Pacific Theatres building and Overture Films takes nearly 23,000 sf in Beverly Hills in two deals negotiated by Studley.

By Bob Howard | Updated on March 01, 2007

LOS ANGELES-New Line Cinema, the studio behind “Lord of the Rings” and other hit films, has signed a lease for 66,000 sf of office space at the Pacific Theatres building in one of two film company leases negotiated by Studley. In the other, Overture Films has inked a 22,642-sf sublease in Beverly Hills.

New Line has been in the Pacific Theatres building at 16 N. Robertson Blvd. for about 10 years and, “It was imperative to their business that they maintain this ideal Los Angeles address,” according to Mark Sullivan, EVP and Southern California regional manager for Studley. Sullivan, assisted by senior managing director L. Craig Lemle in Studley’s New York office, represented New Line.

New Line, a Time Warner subsidiary with operations on both coasts, had occupied the ground floor, floors two through six, and most of floor seven in the building. Under the new, 10-year restructured deal, New Line will expand its occupancy by nearly 8,000 sf, allowing it to occupy the balance of the seventh floor and expand to the ninth floor.

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