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9/04/14
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Tim & Eric Inc signed a five-year, $1.5 mil lease for 15.3k sf ($1.63/sf/mo) of creative office space in Glendale. The lease includes fully occupying two previously vacant buildings -- a 10.8k sf property at 1500 Flower St and an adjacent 4.5k sf building at 1442 Flower St, east of I-5 and north of the 134 Fwy, near the border with Burbank.
Roger Beck and Gelena Skya-Wasserman of Charles Dunn Company represented Tim & Eric Inc, a television production company. The firm is relocating and consolidating space from several Hollywood locations. Stevenson Real Estate repped the landlord, Avalon Investment Company.
“Avalon had purchased the property and was undergoing an extensive renovation when we reached out on behalf of our client. We negotiated and finalized the lease prior to the space hitting the market and before the renovation was completed,” said Beck. “The market for quality creative office and production space is very tight in this area and is usually leased up the day it is listed.”
According to Beck, the tenant will be using the larger building for its production and general office space. The small building will be utilized for the company’s studio and filming activities.
Tim Heidecker and Eric Wareheim, known collectively as Tim & Eric, are an American comedy duo and creators of the Adult Swim television series Tom Goes to the Mayor; Tim and Eric Awesome Show, Great Job!; and Check It Out! with Dr. Steve Brule.
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