Netflix, the world's leading Internet TV network, and Hudson Pacific Properties have announced an agreement in which Netflix will lease a significant portion of the new ICON office tower at Sunset Bronson Studios. The growing Southern California staff of Netflix is expected to occupy 200,052 square feet at ICON, part of a nearly $200 million creative office development currently under construction along Hollywood's thriving Sunset Corridor.
The deal is the largest office lease signed to date in Hollywood in terms of square feet. "ICON is a state-of-the-art facility that places Netflix squarely in the middle of Hollywood's creative culture to support our next stage of growth and content creation," said Netflix CFO David Wells. "The property's combination of office, stage and production space provides an ideal setting."
Victor Coleman, Chairman and CEO of Hudson Pacific Properties, said, "We're very pleased to welcome Netflix to ICON, part of a unique creative campus at the center of Hollywood's renaissance. ICON's innovative architecture, sustainable design, and access to top-of-the-line sound stages and production facilities are perfect for next-generation tech and media companies like Netflix. We're transforming Sunset Bronson Studios into the most dynamic creative and production complex in the entertainment business today."
ICON is a 14-story, 323,000-square-foot office tower scheduled for completion in late 2016. Hudson Pacific Properties', who also owns and runs Sunset Gower Studios, also has underway at Sunset Bronson Studios a roughly 1,600-space parking structure and a planned five-story, 96,000 square-foot creative office building schedule for mid-2017.