Relativity Media Inks 315 Park Avenue South Lease

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Beverly Hills-based studio Relativity Media has signed a lease for its first New York location, Commercial Observer has learned. The studio signed a 10-year deal for the entire 16,874-square-foot second floor at Spear Street Capital’s 315 Park Avenue South and will pay rent starting in the mid-$60s per square foot.

Founded in 2004, Relativity Media is best known as a producer and distributor of films and television programs. Among other credits, the company has been involved as producer or distributor for The Social Network, The Fighter and Act of Valor.

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315 Park Avenue South.
315 Park Avenue South.

The company also operates Relativity Music Group, which provides music publishing catalogs and soundtrack services for films, and Relativity Sports, a sports agency. It could not immediately be confirmed which of the company’s ventures would have a presence in New York. Relativity Media did not immediately return requests seeking comment.

Spear Street Capital, a San Francisco-based real estate investment firm, acquired 315 Park Avenue South from BCN Development for approximately $250 million last year. Built in 1910, the 20-story building had previously been touted as a possible residential conversion.

Mark Mandell, Ethan Silverstein and Scott Silverstein of Cushman & Wakefield (CWK) represented the landlord in the transaction. The tenant was represented by Chris Mongeluzo and Eric Zemachson of Newmark (NMRK) Grubb Knight Frank. The tenant’s brokers declined to comment.