‘LA North Studios’ Leases 134K SF in Valencia

Lights, camera … studios! Newmark has completed a lease with LA North Studios for 134,000 square feet of creativity-conducive production space at the recently constructed IAC Commerce Center in Valencia, Calif. 

Newmark Vice Chairman John DeGrinis, SIOR, Executive Managing Director Patrick DuRoss, SIOR and Senior Managing Director Jeff Abraham, SIOR were the sole brokers on the transaction, representing both LA North Studios and the landlord, IAC Properties, according to a news release.

If you’ve viewed any video content recently (especially via a streaming service), the brand names affiliated with LA North Studios will ring bells, per the release: 

LA North Studios is a full-service film studio providing sound stages, studios and production services to major film companies including Walt Disney Pictures, Warner Bros., Showtime, Netflix, Paramount, HBO Max and Universal. The company will lease the entire Building 8, located at 29051 Avenue Valley View, which will be their fourth location in the Santa Clarita Valley. 

“The IAC Commerce Center has met the insatiable demand for new Class A industrial space in greater Los Angeles, providing one million square feet of much-needed new space” said DeGrinis. “The only disappointment is that our job for this project is complete now that the project is 100% leased.”