The motion picture lab will occupy 44,000 sf of commercial space at 435 Hudson St., including the entire ninth floor and portions of the eighth floor and basement. A source close to the deal tells GlobeSt.com that the price per sf is $45.
Carl Weisbrod, president of Trinity Real Estate, owner of the property, says, "Trinity is delighted to welcome Deluxe Entertainment to New York City, joining the creative mix of design, advertising, and media firms that call Hudson Square home. The arrival of this industry leader will be an asset to New York City's film industry and complement Hudson Square's roster of dynamic companies."
Erik Schmall of Studley represented Deluxe in the lease negotiation. Trinity was represented by Jason Pizer, SVP of real estate leasing.
According to a statement issued by Deluxe, the New York City site will house a state of the art motion picture laboratory, HD telecine, editorial, media management, and a Digital Intermediate post-production center, under the EFILM banner.
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
Already have an account? Sign In Now
*May exclude premium content© 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.