A24 Films has inked a deal for an office at the 601 West 26th Street, also known as the Starrett-Lehigh Building.
The entertainment company will be leasing a 3,100 square foot office in the 2,300,000 square foot building that occupies the entire rectangle block between 26th and 27th Street and 11th and 12th Avenue.
Shorenstein Properties sold the building last year to RXR Realty for $920 million dollars, about $400 per square foot. The building has a variety of tenants including Martha Stewart, Tommy Hilfiger, and the Mcgarrybownen advertising agency.
A team consisting of E.N. Cutler and Taylor Scheinman of Newmark Grubb Knight Frank represented the tenant. An in-house broker from RXR Realty represented the landlord. Neither parties were able to be reached before publication.
The lease was set for five years.
A24 Films is an new entertainment company founded by Daniel Katz, John Hodges, and David Fenkel. Prior to the partnership, David Fenkel co-founded the New York-based independent film distributor Oscilloscope Laboratories and recently stepped down from president to a consulting role with the company. Daniel Katz worked as the head of acquisitions for ThinkFilm whose purchases and productions include Half Nelson, Spellbound, and the Aristocrats. John Hodges is known for his executive producer work in Our Idiot Brother, Nature Calls, and Safety Not Guaranteed.
A24 Films is in expansion mode, having leased the new office space and posted several notices for office positions on industry listings.