The Documentary Group Moving From UWS to Chelsea
By Lauren Elkies Schram April 25, 2016 10:40 am
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Fresh off its Academy Award nomination for best documentary feature for Cartel Land, The Documentary Group is moving from the Upper West Side to Chelsea, the brokers on the deal said.
This summer, the independent production company will move to 9,300 square feet at 114 West 26th Street between Avenue of the Americas and Seventh Avenue, spanning the entire seventh floor, the brokers said. The deal is for 10 years with an asking rent of $54 per square foot, according to David Levy of Adams & Co., who is marketing eight floors in the building with colleagues Michael Beyda and Jeff Buslik.
The Documentary Group was founded in 2006 by the the team behind Peter Jennings’ documentaries at ABC News. It has offices in New York City and Los Angeles. The current New York City digs are on the fourth floor at 125 West End Avenue between West 65th and West 66th Streets.
“They are expanding dramatically,” Mr. Levy said. “I think they are looking to make their business grow.”
Brothers Joseph and Sam Shamie of Delta Children’s Products own the 111,600-square-foot building under the name Delta Enterprises. Delta Enterprises picked up the property for $22.7 million in June 2004 from Yeshiva University, according to property records. The company occupies the 10, 11 and 12th floors. “They bought the building to house their business,” Mr. Levy said.
In January, the Shamie brothers tapped Adams & Co. to lease eight floors of the 12-story building. This is the first new done deal in the building.
“We’re repositioning the building,” Mr. Levy said. “We have done the lobby, the facade, [and we are] building out each floor, which the guys weren’t willing to do before they hired us.” He said the ongoing renovations, which will also include automating the elevators, will total around $10 million.
CBRE’s Alex Kantor and Adam Leshowitz represented The Documentary Group. A spokeswoman for CBRE declined to comment.
