Thanks to a long-rumored and recently consummated lease, the only two hangars that hadn't been renovated are well on their way to becoming the new home of ImageMovers Digital, a 3-D animation film studio that became part of Disney in February. With ImageMovers' long-term lease for the two 60,000-sf hangars and the rest of the project filling up in 2006, Barker is confident about the final stage of development.
"The project is fully entitled so all we have to do is design review; we should be underway around mid-year [2008]," Barker tells GlobeSt.com. "We're prepared to go forward without any signed tenants but we expect there will be some preleasing. Several existing tenants have expressed a desire to expand, which is why we felt it was important to get this underway as soon as possible."
Hamilton Landing is part of the former Hamilton Air Force Base that Barker Pacific has turned into a hip home base for a variety of companies. In addition to ImageMovers, which is about to start production of its first feature film, "A Christmas Carol" starring Jim Carrey as Ebenezer Scrooge, other firms occupying the high-ceiling hangar space include video game makers Activision Publishing, Take Two Interactive and Nihilistic Software, and a division of Sony Imageworks.
Continue Reading for Free
Register and gain access to:
- 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
© 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.