Paramount Television Studios Signs 70000 Square Foot Lease At Sunset Pier 94 Studios In Manhattan

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.