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Wednesday, Oct 4, 2023

Entertainment Business Consolidates in Sun Valley

Entertainment industry rental business SirReel Studio Rentals has leased 100,000 square feet of warehouse and exterior space in Sun Valley to merge several locations into one, according to L.A.-based CBRE Group Inc. The commercial brokerage firm said it negotiated the lease of nearly 33,000 square feet of warehouse space on more than 100,000 square feet of land to SirReel, which leases sound stages, equipment, motor homes and cast and crew trailers, much of which is housed outside. The company’s new location at 8500 Lankershim Blvd. will enable it to consolidate several Burbank locations, CBRE said. The property, owned by Selective Real Estate Investments, faces the street and sits five blocks from the 5 Freeway. “Infill locations with functional buildings on oversized yards are nearly non-existent in our market, and demand for the property was strong,” said Greg Geraci of CBRE. “This really was a hand-in-glove fit for SirReel.” Geraci, Dave Harding, Matt Dierckman and Billy Walk negotiated the deal on behalf of Selective. Mike Centurioni of Coldwell Banker Commercial Alliance represented SirReel.

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