Stamford: Ralph Edwards/Stu Billett Productions, the production company of the long-running reality television courtroom series The People’s Court, has committed to an 18,739 square foot office lease at 470 West Ave. The production company will relocate its operations to the loft style office property owned by New England Investment Partners, LLC. [62 Washington Avenue, Chelsea, MA].
Steven Greenbush and Joseph Weaver of CBRE represented both Ralph Edwards/Stu Billett Productions and the building ownership group in the lease negotiations. The television production firm plans to film, produce, and distribute its People’s Court series from its new headquarters.
“This transaction speaks directly to the attractive value proposition Stamford continues to offer firms currently located here, or looking to relocate in the area, especially the growing TAMI sector and more specifically the TV and film production industry,” said Weaver. “
According to Greenbush, “New England Investment Partners acquired 470 West Ave. in November of 2016 with a 50% vacancy rate. Since the acquisition, there has been significant leasing activity with Uber and Manhattan Oral Surgery both moving into the building. With the addition of The People’s Court, the building will now be over 87% occupied.