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Wednesday, Apr 24, 2024

ITV America Leases Floors On Lankershim

ITV America will be moving its workforce from Sherman Oaks to North Hollywood. The offshoot of the British production company ITV Studios will occupy the entire second and third floors at 5250 Lankershim Blvd., assuming 42,000 square feet in a 10-year deal. Patrick Church and Anneke Greco of Jones Lang La Salle Inc. represented the building’s owner, J.H. Snyder Co., in the transaction, while Jim Travers of Cresa negotiated on behalf of tenant ITV America. ITV America is a powerhouse producer of reality programming that includes such hits as “Pawn Stars,” “Hell’s Kitchen” with Gordon Ramsey and “The Real Housewives of New Jersey.” After tenant improvements are complete, the company will relocate its workforce from the Sherman Oaks Galleria, 15303 Ventura Blvd., to the North Hollywood building by May, Church told the Business Journal. The 5250 Lankershim building totals 179,741 square feet, and ITV, in entering the burgeoning NoHo Arts District media scene, will be joining such tenants as Kaiser Permanente, Tremendous Entertainment (“Bizarre Foods,” “Haunted Towns”), Sada Systems and J.H. Snyder. ITV America is not the only entertainment entity making August headlines along Lankershim Boulevard. On Aug. 6, Fox Corp. announced the acquisition of longtime animation studio partner Bento Box Entertainment, located at 5161 Lankershim Blvd. in North Hollywood, for a rumored price of just under $50 million. Founded in 2009 by partners Scott Greenberg, Joel Kuwahara and Mark McJimsey, Bento Box is the animation house behind such prime-time series as Fox’s “Bob’s Burgers” and the quickly canceled “Bordertown”; as well as Comedy Central’s “Brickleberry” and Cartoon Network’s “Lazur Wulf.” Although Bento Box has outlier studios in Atlanta and Toronto, the company is headquartered in North Hollywood.

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