Technicolor to Lease Office Space in Burbank
Technicolor has agreed to lease 54,000 square feet in Burbank to expand its digital cinema business.
Camarillo-based Technicolor, the largest processor of motion picture films, signed a 10-year deal valued at $15.7 million with landlord M. David Paul & Associates for additional space at Media Studios North.
Technicolor will install a satellite dish on the roof of the Burbank office building, said Jeff Worthe of M. David Paul & Associates.
He said he expects Technicolor to take over the space in November.
Rob Erickson and Brad Feld, both of Cushman & Wakefield, represented the tenant and landlord respectively in lease negotiations.
Technicolor already occupies 33,000 square feet in the building at 2233 Ontario St., which it will retain, Worthe said.
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