Netflix isn’t just scooping up film and television projects — the streamer is also grabbing massive amounts of new office space in Hollywood.
Hudson Pacific Properties on Thursday announced that Netflix just signed a lease to occupy 327,913 square feet, which represents the entirety of a 13-story office development called EPIC. The Gensler-designed building is located at 5901 Sunset Blvd. and is currently under construction, with a completion date set for 2020. Netflix will occupy the building in phases beginning in January 2020. The lease will conclude in 2031.
As if that weren’t enough, Netflix also signed a coterminous lease extension for 325,757 square feet of office space at ICON and 91,953 square feet of office space at CUE, two other Hudson Pacific owned buildings located on the landmark Sunset Bronson Studios lot.
“With its growing presence at ICON, CUE and now EPIC, we have created a customized, state-of-the-art, creative urban campus that holistically supports Netflix’s unique culture and business needs,” said Victor Coleman, chairman and CEO of Hudson Pacific Properties.
“EPIC is part of our continuing investment in L.A. and Hollywood. We’re thrilled to be able to continue to grow our team there,” said David Wells, chief financial officer for Netflix.
