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

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.