Todd-Soundelux Expands Westside Commitment At Lantana

Post production sound company TODD-SOUNDELUX today announced it has reached an agreement to extend the lease term by 10 years for its Todd-AO West facility, located at Lantana in Santa Monica. Additionally, the lease added new space adjacent to Todd-AO West, creating Soundelux West for the company's sound editorial presence. The new space will house some of the company's most respected creative talent, including Supervising Sound Editors Wylie Stateman and Peter Brown.

Todd-AO and Soundelux are both equally critical to our strategic plans to further enhance our position as the destination of choice for post production sound services, said David F. Alfonso, owner of TODD-SOUNDELUX. Our extended and expanded presence in the Westside creative community signals a tangible and meaningful commitment to providing content creators with a strong, full-service creative and technical sound partner.

The Todd-AO West location at Lantana is a time-tested facility which has repeatedly proven itself capable of rising to meet the evolving demands of projects of any size and complexity, said Dennis Mahoney, a partner at Empire Investment Holdings, the parent company of TODD- SOUNDELUX, who, along with Mark Robinson and Arlene Sommer of Cushman & Wakefield, led the company's negotiations with building owner Jamestown. Both the teams at Jamestown and Cushman & Wakefield understand our rigid operational demands and have demonstrated great sensitivity to our unique needs, providing strong and responsive leadership in support of our efforts to successfully expand our footprint to build a new Westside location for Soundelux.

The Santa Monica market remains one of the most vibrant in the country, attracting and retaining an exceptional work force serving the entertainment, media and technology sectors, said Mark Robinson, Executive Director of Cushman & Wakefield. The decision by TODD- SOUNDELUX to expand its service offerings in this submarket is a clear affirmation of the company's long-term commitment to the creative community, and a willingness by its owner to make a substantial financial investment in the company's facilities and technical infrastructure.

Jamestown is committed to creating vibrant flexible environments for creative industry leaders like Todd-AO and Soundelux, said Michael Phillips, COO of Jamestown. They contribute to the dynamic mix of businesses at Lantana and we are excited they have extended their presence within Lantana and on the Westside.

Todd-AO West consists of five mixing stages, one ADR stage, one Foley stage and a number of production offices and editorial rooms. Todd-AO West has recently completed significant technical upgrades to its stages, and services a variety of feature film and television projects, including titles such as Iron Man 3, Last Vegas, Lone Survivor, Nashville, and HBO's Girls.

The lease extension agreement provides a commitment to make a series of significant investments in physical and technical upgrades, as the company seeks to further revitalize its facilities and deploy innovative updates to its proprietary workflows.

About TODD-SOUNDELUX

Hollywood, California-based TODD-SOUNDELUX is a leading independent provider of creative post production sound and music services to the audiovisual content industry. For more than half a century, the companies of TODD-SOUNDELUX, including Todd-AO, Soundelux, POP Sound, Modern Music, Soundelux Design Music Group, and The Hollywood Edge, have brought together some of the world's most accomplished sound professionals to deliver a full range of creative sound services to every major motion picture studio in Hollywood, working with some of the most iconic filmmakers of our time, as well as a wide variety of notable emerging filmmakers. The companies, collectively, have garnered more than 54 Academy award nominations and won 23 Academy Awards. For more information, please visit http://www.toddsoundelux.com.

About Jamestown

Founded in 1983 with headquarters in Atlanta, Ga. and Cologne, Germany and offices in New York City, Boston, MA, San Francisco, CA, and Washington, D.C., Jamestown is a leader in acquisitions and value added management. Over 30 years, Jamestown has generated approximately $8 billion in strategic investments. The company is focused across the risk spectrum with core, core-plus and opportunistic funds in two primary markets: 24-hour cities and Sunbelt markets with strong demographic growth. For more information, visit http://www.jamestownlp.com

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