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New York & Tri-State  + Fairfield/Westchester  + Finance  | 

CIT Provides Financing for Yonkers Production Studios

CIT’s real estate finance business provided $34 million in financing to a joint venture between i.Park and Great Point Media for the development of the Lionsgate Warburton Studios, an entertainment production facility in Yonkers, NY. 

The new studios will consist of 73,000 square feet of studio, office and mill space. It will be the latest addition to the Great Point Studio Campus, a growing entertainment production complex leased to  Lionsgate Entertainment Group. 

The i.Park campus, which includes production support areas, a café, lounge and outdoor garden terraces, is near the Yonkers Train Station, providing access to New York City and nearby suburbs. 

“There is strong demand for entertainment production space on the East Coast, and we’re pleased to provide financing to help meet that demand for the i.Park campus and Lionsgate, a longtime client of CIT,” said Chris Niederpruem, managing director and group head for CIT’s real estate finance business. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Financing
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