Apple is in talks to lease Hackman Capital Partners’ 85,000-square-foot creative office development at 5500 W. Jefferson Boulevard near Culver City, California, according to The Real Deal, quoting unnamed sources. The space, which sits near the La Cienga Expo Line Station, would be used for production.
The website for the property lists triple net rent at $3.75 a square foot a month, which would value the lease at $3.83 million a year. If completed, the lease could be Apple’s second with Hackman. There are rumors that the company is in talks to move its original content division to Hackman-owned Culver Studios. Hackman also developed the headquarters of Beats By Dre, a company Apple now owns, in Culver City. The developer sold that property to IDS for $110 million in 2015.
Culver Studios is a movie studio located at 9336 West Washington Boulevard in Culver City. Originally created by silent movie pioneer Thomas H. Ince, many classics from Hollywood’s Golden Age were filmed there, including Gone with the Wind, A Star is Born, Intermezzo and Rebecca. Apple is aggressively moving into the original content space. Yesterday it was reported that the company planned to reboot of Steven Spielberg’s Amazing Stories as one of its first series in its foray into original programming under Jamie Erlicht & Zack Van Amburg, heads of the newly formed worldwide video programming division.
The Cupertino, California-based company has set a budget of roughly $1 billion to procure and produce original content over the next year, according to the Wall Street Journal.