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Paramount Television Studios Signs 70000 Square Foot Lease At Sunset Pier 94 Studios In Manhattan
LEASED
New York
See Similar DealsIndustrial70,000 SF
Leased 01/16/2026
LEASED
Paramount Television Studios Signs 70000 Square Foot Lease At Sunset Pier 94 Studios In Manhattan
711 12th Avenue
See Similar DealsIndustrial70,000 SF
Leased 01/16/2026
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:70,000 SF
Transaction Type:Lease
This transaction involves a 70,000-square-foot industrial asset located at 711 12th Avenue in Manhattan. Paramount Television Studios has signed a lease for this property, known as Sunset Pier 94 Studios, which is notable for being Manhattan’s first purpose-built studio and is set to open this month.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 711 12th Avenue
- Market: Manhattan
- Landlord: Steven Roth - Vornado Realty Trust, Victor J. Coleman - Hudson Pacific Properties & Blackstone Real Estate
- Tenant: Matt Thunell - Paramount Television Studios
The deal is significant as Paramount Television Studios prepares to move into this newly developed space, with the involvement of Vornado Realty Trust, Hudson Pacific Properties, and Blackstone Real Estate, all notable players in the real estate market.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$4,012,357.76
Total Lease Value
$40,123,577.59
Net Landlord Cash Flow$4,012,357.76
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