Deluxe Media has signed a 40,315-square-foot office lease in Hollywood. It will consolidate all of its Los Angeles offices into the new location, which is located at 900 N. Seward Street. The building is a custom-built, single-tenant property and will be used for the company’s post-production and editing services.
The property was formerly occupied by Todd Soundelux, which completed millions of dollars in upgrades on the property and installed post-production equipment before declaring bankruptcy in 2014. “Deluxe was the only user that would take advantage of the building’s post-production and theater improvements,” Andrew Lustgarten, corporate managing director at Savills Studley, tells GlobeSt.com. “If Deluxe did not lease this location, the landlord would have demolished the existing improvements and marketed the building to the creative office tenant community.” Lustgarten represented the Deluxe Media in the transaction, along with his Savills Studley colleague Mark Sullivan, EVP and regional director.Deluxe Media Leases Entire Hollywood Building
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