Commercial Observer – March 23, 2018

By Paula Gomprecht | March 23, 2018

NY-Based Flexible Workspace Provider Serendipity Labs Expands to Hollywood

Serendipity Labs, a flexible workspace operator based in Rye, N.Y., is planting a flag in Los Angeles, Commercial Observer can first report.

For its first L.A. location, the company last night signed a deal to sublease 36,000 square feet from the defunct indie film company Broad Green Pictures at 959 Seward Street in Hollywood’s Media District for the remaining eight years of the lease. (Broad Green Pictures shut down its production division last August, as the Los Angeles Times reported.) Serendipity Labs opened today in the as-is Gensler-designed space, which includes a soundproofed, 25-seat screening room, editing rooms, a commercial kitchen and an event space. A company spokeswoman declined to provide the asking rent.

“For our first Los Angeles location, we are thrilled to be premiering at this spectacular site, and look forward to welcoming the Hollywood community to our growing network of workplaces across the country,” Serendipity Labs Chairman and CEO John Arenas said in a prepared statement.

Source, Lauren Elkies Schram, NY-Based Flexible Workspace Provider Serendipity Labs Expands to Hollywood Commercial Observer.