Los Angeles, CA (June 13, 2022) — Newmark announces that Company 3 has signed a 70,285-square-foot lease at Harlow, a four-story, 130,000-square-foot creative office building in Hollywood, California. Newmark Vice Chairman Jay Luchs and Associate Director Gavin Ketchum represented Company 3/Method Inc. in the transaction. The Newmark team has worked with the firm over the past two years, having completed two transactions during that time with two additional transactions underway across the U.S. and Canada.
Company 3 is a global leader in post-production servicing its clients in color grading, in-house and location dailies and editorial, visual effects and online editorial services for feature films, commercials, music videos and television. The firm signed a lease for approximately 56,000 square feet at Harlow in April 2021. As a result of continued growth, it is now expanding into approximately 70,000 square feet of additional space at the building less than a year later.
“We were pleased to assist Company 3 in its office expansion at this location,” said Ketchum. “This beautiful creative office building within a world-renowned studio lot is the perfect location to further the firm’s continued growth.”
Harlow is a four-story creative office building featuring greenhouse-inspired architecture, spacious layouts, above-standard ceiling heights, best-in-class telecommunications infrastructure and outdoor workspaces. The property is located in Sunset Las Palmas Studios, a full-service production lot surrounded by an array of supporting businesses. The property is owned by Hudson Pacific Properties, the largest domestic owner-operator of independent studio lots.
Located at 1001 N. Seward Street in Hollywood, the property offers numerous nearby amenities including OrangeTheory Fitness, Target, Sprouts, Best Buy, LA Dogworks, Rao’s Hollywood, Grub, Salt’s Cure, Osteria Mozza, Tatsu Ramen, Providence, Marino Ristorante, Next Door Lounge, The Cat & Fiddle and West Hollywood Gateway.
Entertainment companies have led the way in Los Angeles’ office market recovery, particularly on the Westside, according to Newmark Research. Driven by increased consumer demand for content, technology, streaming and video game companies led leasing activity in 2021, a trend that is expected to continue through 2022.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues of nearly $3.1 billion for the twelve months ending March 31, 2022. Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 6,300 professionals around the world.
