British television producer All3Media will move to Howard Hughes Center… (Equity Office Properties )
Britain’s largest independent television production company, All3Media, will consolidate its Southern California studios in Westchester.
The company behind such shows as “Undercover Boss” and “Ramsay’s Kitchen Nightmares” has agreed to rent two floors in a Howard Hughes Center office building near the 405 Freeway and Sepulveda Boulevard, real estate broker Jacob Bobek of Cushman & Wakefield said.
The lease for 51,000 square feet is valued at $16 million, he said. All3Media’s five Los Angeles area studios are now in separate locations in Culver City and the Westside and the consolidation will reduce their total rented space by about 20%.
More than half of All3Media’s revenue comes from international operations, and the U.S. is its fastest-growing market, according to U.K. industry website Broadcast. Earlier this month All3Media announced plans to pool its U.S. resources in a production hub headed by Eli Holzman.
The company will move about 220 workers to its new space at 6060 Center Drive in July, said broker Greg Lovett of Cushman & Wakefield, who also worked on the All3Media lease with landlord Equity Office Properties.
The floors All3Media will rent were previously occupied by video game maker Vivendi, Lovett said, which left behind about $750,000 worth of improvements turning the offices into “creative” style space with exposed heating ducts and enhanced electric power supplies.
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