Oct 25 2021

A24 FILMS SIGNS 15-YEAR LEASE AT 1245 BROADWAY

New York, NY – Corem of Sweden through its subsidiary Klövern, and New York City-based GDS Development Management (GDSNY) announced today that they have signed a 15-year lease with A24, an award-winning global film and television studio. A24 is building its new global headquarters in 41,000 square feet of office space over four floors and is expected to move-in sometime during the second half of 2022.

A24 is the Academy Award-winning film and TV studio behind feature films such as Lady Bird, Minari, Hereditary, The Farewell, Moonlight, Ex Machina, Amy, Room, The Witch, and Uncut Gems. A24 is widely recognized as the destination for the most extraordinary storytellers working in film and television.

1245 Broadway is a 23-story class-A office building at the corner of 31st and Broadway, in NoMAD, one of New York City’s most dynamic neighborhoods. Designed by Skidmore, Owings & Merrill, the building features architectural cast-in-place concrete, large triple-glazed windows, a private club, F&B catering to tenant floors, and panoramic views of the city. Generous terraces provide tenants a unique opportunity to connect to the urban surroundings. The building will be LEED-Gold certified and offers the very latest in touchless technology and air quality.

“We are very pleased to announce the lease with A24 in our largest ongoing project, 1245 Broadway. We see that the office market for premium buildings is recovering well in New York, and we expect further rentals during the year”, says Corem’s Head of Finance, Jens Andersson.

“We are excited to welcome A24 to 1245 Broadway,” says Michael Kirchmann, CEO of GDSNY. “A24 represents the highest caliber of talent, creativity, innovation and integrity in their industry. GDSNY shares many of these same values and aspirations for our buildings, and we are proud to welcome today’s best-in-class creative companies to 1245 Broadway.”

GDSNY and Corem were represented by Paul Amrich and Neil King of CBRE. Todd Ward of Newmark and Brian Hay and Tim Hay of Cushman & Wakefield represented A24 Films.