Award-Winning Film Studio to Open New Manhattan HQ

Rendering of 1245 Broadway. Image courtesy of Klovern and GDSNY.

Film and television studio A24 Films has signed a lease for 41,000 square feet at Klövern and GDS Development Management’s 1245 Broadway, a Class A office building in NoMad.

In a 15-year lease, A24 is building out its new headquarters across four floors of the 23-story building, on the corner of Broadway and 31^st Street in Midtown South. The company is targeting a move-in date to the 200,000-square-foot property in the second half of 2022.

A24 has been a rising star in Hollywood in recent years, as the studio behind Academy Award-winning films including Lady Bird, Minari, Moonlight and Uncut Gems.

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The ownership was represented by Paul Amrich and Neil King of CBRE, while Newmark’s Todd Ward and Cushman & Wakefield’s Brian Hay and Tim Hay represented A24 Films.

1245 Broadway was designed by Skidmore, Owings & Merrill and once completed, will include features like triple-glazed windows, a private club and private terraces. The owners are seeking LEED Gold certification and will incorporate touchless technology and a focus on air quality.

The boutique office building is not far from another Manhattan office project being developed by Sweden’s Klövern and New York-based GDS. Last fall, the duo topped out construction at its 12-story office building, 28 & 7, in Chelsea. Also designed by Skidmore, Owings & Merrill, the property will comprise 100,000 square feet and is being designed to achieve LEED Silver and WELL certifications.

After five of the slowest quarters in the past decade, office leasing in Manhattan reached a high of nearly 5.3 million square feet in the third quarter of 2021, according to a recent market report from Cushman & Wakefield. Strong leasing activity in August and September led to the uptick, which helped boost year-to-date leasing total to 11.2 million square feet, marking the first year-over-year increase since August 2019.