Pillsbury Winthrop Shaw Pittman advised Klövern on the deal.
A joint venture of Klövern AB, a subsidiary of Corem Property Group of Sweden, and New York City-based GDS Development Management entered into a 15-year lease at 1245 Broadway with A24 Films LLC, 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 during the second half of 2022. The building is nearing completion, with a projected opening earlier in 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. 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.
The Pillsbury team was led by Real Estate partner Andrew Weiner (Picture) in New York, working with associate Samantha Sharma and legal analyst Jasmine Gurreri.
Law Firms: Pillsbury Winthrop Shaw Pittman LLP;
Clients: Klövern AB ;