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David Ellison Of Paramount Signs 10-Year Lease With Landlord Arpad Busson At 1888 Studio Way

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LEASED

New Jersey

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Office285,000 SF
Leased 10/30/2025
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Property Image
LEASED

David Ellison Of Paramount Signs 10-Year Lease With Landlord Arpad Busson At 1888 Studio Way

Office285,000 SF
Leased 10/30/2025
the dealplayerscompscontact
Contact now

Summary

Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:285,000 SF
Transaction Type:Lease

The property involved in this transaction is an office space located at 1888 Studio Way in Bayonne, with a significant size of 285,000 square feet. This asset is part of a 1.6 million-square-foot film and TV campus being developed by Togus Urban Renewal, which includes multiple features aimed at enhancing production capabilities.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1888 Studio Way
  • Market: Bayonne
  • Landlord: Arpad "Arki" Busson - Togus Urban Renewal
  • Tenant: David Ellison - Paramount
  • Lease Term: 10-year

The lease agreement has been established with Paramount represented by David Ellison, marking their entry as the first major tenant in the newly developed production facility. The project is poised to bolster Bayonne’s position in the film industry, supported by New Jersey’s film tax incentives and featuring substantial infrastructure such as 23 soundstages and a 22-acre water backlot.

Details

LEASED
IMAGE: David Ellison DATE: 10/30/2025 ADDRESS: 1888 Studio Way MARKET: Bayonne ASSET TYPE: Office ~ SF: 285,000 LANDLORD: Arpad "Arki" Busson - Togus Urban Renewal TENANT: David Ellison - Paramount (@ParamountCo) LEASE TERM: 10-year NOTE: Paramount signed a 10-year lease at 1888 Studios in Bayonne, becoming the first major tenant at the 1.6 million-square-foot film and TV campus developed by Togus Urban Renewal.The under-construction project, backed by New Jersey’s film tax incentives, will feature 23 soundstages and a 22-acre water backlot, positioning Bayonne as a major production hub.

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Deal Type
Effective Rent (Annual)

$16,336,028.02

Total Lease Value

$163,360,280.19

Net Landlord Cash Flow$16,336,028.02