39 W19th Street.
NEW YORK CITY— Midtown South-based production company Left/Right renewed its 34,000-square-foot lease at 39 West 19th St. for an additional 10 years and will continue to occupy the 7th, 9th and 10th floors of the 131,054-square-foot office property through 2030. Savills arranged the lease transaction
Left/Right has been a tenant in the 12-story building for the past 10 years, and in the new agreement will have the option to pursue capital improvements to the 1911-built property owned by The Rosen Group, a private investment management firm. The asset is located between Avenue of the Americas and Fifth Avenue, adjacent to the Chelsea submarket.
The 2006-founded company Left/Right is fast growing and has worked on prominent projects that include "Odd Mom Out" at Bravo, "The Circus" at Showtime, and the Hulu series "The Weekly" in collaboration with The New York Times.
"Given the tight vacancy rate in Midtown South, it can be a challenge to secure favorable lease terms in a highly sought after neighborhoods like Chelsea," said Savills Vice Chairman Erik Schmall , in a prepared statement. "We were able to negotiate flexible options for Left/Right, which made staying in place the optimal choice for the company."
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.
Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
