In the latest LA-area entertainment biz deal, Panavision Inc leased a 145k sf facility in the west San Fernando Valley to serve as the company’s new worldwide HQ location. In addition, the building, located at 6101 Variel Ave, north of Oxnard St and west of De Soto Ave in Woodland Hills, will serve as a distribution facility for Panavision’s high-precision camera systems, lenses and related accessories. ...
... Panavision was represented in the transaction by Mark Sullivan, executive vice president with global tenant advisory firm Studley. Additional transactional support was provided by Andrew Lustgarten and Mark Robinson.
“Panavision had a number of unique needs including requiring a prime urban location that provided a mix of light manufacturing space, loading docks, and corporate offices in a single low-rise building. We conducted a comprehensive search over a 14-month period before committing to the Warner Center property,” said Studley’s Sullivan.
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