Oprah Winfrey Network signed a lease with CIM Group to establish its operations center on three floors encompassing the recently completed 98,000-square-foot, five-story, Formosa South at The Lot studios in West Hollywood, California
OWN is relocating to The Lot, an 11-acre studio campus on Santa Monica Boulevard that features seven sound stages, a commissary, and post-production and office buildings. Oprah’s Network will have access to the existing sound stages and other production facilities. Built to LEED
Gold standards, the state-of-the-art Formosa South building is the first in a series of new office buildings being developed at The Lot.
The complex features large floor plates, 13-foot average ceiling heights, floor-to-ceiling high-performance glass with operable windows, and terraces and balconies. Formosa South was designed to appeal to creative businesses that desire a studio environment with adjacent facilities such as the commissary and sound stages, CIM said. The building is near the remodeled studio arrival gate featuring new security facilities, access controls, and landscaping.
CIM is an investor in communities throughout North America. CIM said it identified the city of West Hollywood as an urban district that meets the firm’s strategic investment guidelines and made its first investment in the community in 2005. Since then, it has acquired and developed a portfolio of properties in West Hollywood that include office, retail, studios, hotel and multifamily residential properties.