39 W19th Street.
NEW YORK CITY— Midtown South-based production company Left/Rightrenewed its 34,000-square-foot lease at 39 West 19th St.for an additional 10 years and will continue to occupy the7th, 9th and 10th floors of the131,054-square-foot office property through 2030. Savills arrangedthe lease transaction
|Left/Right has been a tenant in the 12-story building for thepast 10 years, and in the new agreement will have the option topursue capital improvements to the 1911-built property owned by TheRosen Group, a private investment management firm. Theasset is located between Avenue of the Americas and Fifth Avenue,adjacent to the Chelsea submarket.
|The 2006-founded company Left/Right is fast growing and hasworked on prominent projects that include "Odd Mom Out" at Bravo,"The Circus" at Showtime, and the Hulu series "The Weekly" incollaboration with The New York Times.
|"Given the tight vacancy rate in Midtown South, it can be achallenge to secure favorable lease terms in a highly sought afterneighborhoods like Chelsea," said Savills ViceChairman ErikSchmall , in a prepared statement. "We were able tonegotiate flexible options for Left/Right, which made staying inplace the optimal choice for the company."
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
