Pivotal Post, an editing house that has worked on “Fast and Furious,” “Quantum of Solace” and “Twilight,” has signed a 10-year lease at 2901 W. Alameda Ave., joining several competitors at the location. Pivotal Post already had a presence in the building, but decided to bring over the rest of its North Hollywood headquarters and cutting rooms to the new location.
The 17,125-square-foot office lease is valued in excess of $5 million. The building is now full, with tenants entirely made up of media-related companies, included editing, post-production and production and broadcast. Principals Trevor Belden and Robert D. Erickson of Lee & Associates LA North/Ventura were the brokers for the landlord, CF Burbank Office LP. Andrew Lusgarten
, Marcus Arrendondo
and Mark Sullivan
of Studley represented Pivotal Post...
“We are thrilled to be headquartered in the center of the Media District in Burbank,” said Kevin Hyman, CEO of Pivotal Post, in a prepared statement. “Virtually all our client suites now have great light and views. It is an ideal creative environment for our clients.”
“The transaction made financial sense for our client, who will be occupying space with high residual value that requires minimal construction,” said Lustgarten in a prepared statement. “We were able to leverage the landlord’s low capital costs into very favorable transaction terms for the tenant.”