Oprah Winfrey Network Signs Lease for CIM Group-Owned Office Building at The Lot
- Mar 31, 2014
Oprah can always make headlines by just appearing somewhere, but this time, her company, Oprah Winfrey Network is the one in the news. OWN recently completed a leasing deal for a large chunk of space in a new office facility developed by local real estate company, CIM Group.
OWN will now occupy 60,000 square feet of creative office space out of the 98,000 square-foot building. The Formosa South building is part of CIM Group’s sprawling studio campus known as The Lot. The 11-acre project is located in West Hollywood on Santa Monica Boulevard and will also house OWN’s production necessities with the network having access to the existing sound stages and various production facilities.
Formosa South is a modern, recently completed office building that features high standards and is LEED Gold certified by the US Green Building Council. The creative office asset, built to the standards of the current trend in Los Angeles office market, features large floor plates, 13-foot ceiling heights, floor-to-ceiling glass with operable windows, as well as common terraces and balconies. The campus also offers great proximity to The Lot’s facilities such as the commissary and sound stages, a luxury OWN currently doesn’t have at its 5700 Wilshire Boulevard address.
The Lot offers a total of seven sound stages, post-production and office buildings that have seen much film and television history take place at the site. The 11-acre studio campus was founded in 1919 by Mary Pickford and Douglas Fairbanks and it served as the production site for films such as Guys and Dolls, Westside Story and Some Like it Hot. Since its acquisition by Warner Brothers in 1980, the property has seen shows such as The Love Boat, Dynasty, True Blood and The Social Network be produced on its premises.
Map courtesy of thelotstudios.com