Los Angeles Center Studios Signs Entertainment Industry Development Corporation to 10-Year, 13,000 Square Foot Office Lease

Los Angeles Center Studios Signs Entertainment Industry Development Corporation to 10-Year, 13,000 Square Foot Office Lease

EIDC Deal Caps Off Strong Quarter of Office Leasing for LACS With a Total of 25,000 Square Feet of Long-Term Leases Signed

LOS ANGELES, Sept. 19 /PRNewswire/ -- Los Angeles Center Studios (LACS), Los Angeles' premier independent studio, announced today that the Entertainment Industry Development Corporation (EIDC) has signed a 10-year office lease for 13,000 square feet on the 8th floor of the Tower building, centerpiece of a 20-acre full-service entertainment campus. The space is currently being built out to EIDC's specifications. The nonprofit corporation expects to take occupancy of its new headquarters before the end of the year. EIDC is moving from its previous location in Hollywood to the Los Angeles Center Studios campus in downtown Los Angeles.

In addition to the lease signed by EIDC, Promotional Partners (5,000 square feet), Creative Kingdom (3,500 square feet) and Mice Creative (3,500 square feet) have signed 5-year leases at the studio in the last quarter, bringing total long-term leasing activity at Los Angeles Center Studios to 25,000 square feet during this period.

EIDC streamlines the film permit process and provides filmmakers with the convenience of one-stop on-location production assistance. EIDC's board represents the multitude of stakeholders involved in the on-location production process, including studios and independent producers, commercial producers, industry guilds and unions, major industry vendors, and neighborhood and civic leaders. EIDC acts as a liaison between production companies, the communities where on-location production takes place, and government agencies.

"Moving EIDC's headquarters to Los Angeles Center Studios will help us to even better serve our clients and the community at large, given that the downtown area accounts for the region's heaviest concentration of on-location production activity," said EIDC President Steve MacDonald. "We're also looking forward to benefiting from all of the Studios' amenities and vibrant production environment."

"We are thrilled that EIDC has chosen to relocate to Los Angeles Center Studios," said Sam Nicassio, President of LACS. "They are a great fit for us and help us to maintain the leasing momentum we have been building within the film, television, music, gaming, and other creative industries."

In addition to Promotional Partners, Creative Kingdom and Mice Creative, EIDC joins a diverse group of long-term and short-term entertainment-related tenants including Maya Cinemas, Esparza-Katz Productions, Picture Car Warehouse, Enterprise Rent-a-Car's Entertainment Division, AMP Filmworks, Gutz Film, Hollywood Paws, International Documentary Association, "NUMB3RS," "Blue Collar TV," and a number of other tenants who thrive from the synergy of being located on a campus with other successful companies.

Lee Polster, Associate Vice President and Managing Director of Travers Realty / Oncor International, represented EIDC in this transaction. LACS was represented internally by Sam Nicassio.

About Los Angeles Center Studios

Los Angeles Center Studios is a full-service studio for television, film and commercial production -- a honeycomb of entertainment interests working collectively in a single campus environment. Set on 20 acres in the heart of Los Angeles, this full-service studio features six 18,000 sq. ft. state-of- the-art soundstages and 450,000 square feet of short- and long-term 'Class A' office space for entertainment-related and creative companies in industries ranging from film and television to gaming to music to technology. Los Angeles Center Studios has hosted numerous feature films (including "The Aviator," "Mr. and Mrs. Smith," and "Terminator 3"), television programs (including "NUMB3RS," "CSI: Miami," "The West Wing," "ER," "Alias," and "Blue Collar TV"), commercials, music videos, concert rehearsals, and events since opening in 1999. More information about Los Angeles Center studios can be found at www.lacenterstudios.com.

About Entertainment Industry Development Corporation (EIDC)

EIDC is a private, one-of-a-kind 501c(4) nonprofit corporation working on behalf of film, television and commercial producers, Los Angeles area residents and local government to sustain Los Angeles' position as the global leader in media production. EIDC is not a government agency, but holds contracts with several cities and other government agencies to facilitate filming. More information about EIDC is available at www.eidc.com.

Source: Los Angeles Center Studios

CONTACT: Joshua Rubel of Los Angeles Center Studios, +1-213-534-2334, jrubel@lacenterstudios.com; or Tim Cridland of StudiosExcelPR Group, +1-323-851-2300, ext. 117, tcrid@excelpr.com, for EIDC

Web site: http://www.eidc.com/

Web site: http://www.lacenterstudios.com/

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