The U.S. arm of London-based entertainment giant FremantleMedia has signed a long-term lease at a new studio space that is being created in Atwater Village.The production company behind “American Idol,” “America’s Got Talent” and “Family Feud” has committed to a 12-year-lease for a 43,000-square-foot complex at Captiva Partners’ Reframe Studios at 4561 Colorado Blvd. CBRE Group, which brokered the deal, made the announcement.Some of the other shows FremantleMedia produces include “The Price is Right,” “Family Feud” and “America’s Got Talent.” The current headquarters of FremantleMedia, which also produces game shows “The Price is Right” and “Family Feud,” has been in Burbank across from Walt Disney Co. at 2900 W. Alameda Ave. The contest and game show creator also has offices in New York City and Miami.Carlos Carrasquillo at Wolcott Architecture designed the 7.3-acre Reframe project, adjacent to Quixote Studios and nearby Walt Disney Co. and Warner Bros. Entertainment in Bubank and NBCUniversal in Universal City. The warehouses boast entertainment production-ready specs including up to 36-foot clear heights, dock-high and at-grade loading, and a private campus setting.
An additional 145,000 square feet remain available at the project in a standalone building that has multiple private outdoor areas and a penthouse with 360-degree views, according to CBRE.“We’re thrilled to welcome Fremantle to Reframe Studios and expect to see continued demand from media and entertainment companies for low-rise creative environments that are located in close proximity to major studios,” Captiva Partners Managing Partner Brian Abers said in a statement.Driving the demand for production space throughout the city, including in North Los Angeles, is a surge of entertainment production by studios as streamers multiply and demand more content. According to CBRE, in the past four years, media and streaming firms have leased roughly 6.8 million square feet of office space in the greater Los Angeles market.CBRE’s Doug Marlow and Juliana Sampson represented landlord Captiva Partners. Ray Howden at Cresa represented FremantleMedia.In August of last year, Captiva Partners purchased the industrial site, which has a pair of warehouses, through a partnership with Avalon Investment and Westbrook Partners for $38 million. Captiva is also completing a 100,000-square-foot adaptive reuse creative office project at the border of Burbank and Glendale called SFR.