[IMGCAP(1)]BURBANK, CA-Post-production and film conversion company Modern VideoFilm Inc. has signed an 11-year, $35 million lease for 96,000 square feet of headquarters office space at Empire Center in one of two newly signed office leases in Los Angeles County totaling 150,000 square feet. In the other, digital advertising firm the Rubicon Project signed two leases totaling 54,000 square feet at two buildings in West Los Angeles.

Modern VideoFilm will occupy the entire ground and second floors of a newly built, seven-story, 364,000-square-foot class A office building at 2300 Empire Ave. in Burbank, according to EVP and Southern California regional manager Mark Sullivan of Studley, who represented Modern VideoFilm. The lease represents a roughly 30% expansion for the company as well as the consolidation of its Burbank, Glendale and Studio City locations.

Moshe Barkat, CEO of Modern VideoFilm, said that consolidating three of the company's locations under one roof will facilitate tighter team collaboration and improve operational efficiencies. The company is expected to occupy the premises the fourth quarter of 2011. As reported recently on GlobeSt.com, ModernVideoFilm also signed a 10-year transaction for 20,000 square feet at Yahoo! Center at 2500 Broadway in Santa Monica for its first Westside office in space that is dedicated to post-production facilities.

In the Rubicon Project leases, Brian Davies and Dave Toomey of CresaPartners report that the company signed for the 54,000 square feet at 1925 and 1933 S. Bundy Dr. The digital advertising technology company extended its lease at 1925 and signed an additional lease at 1933 to house its newly acquired Fox Audience Network. The two properties, part of a 225,000-square-foot complex, are former warehouse buildings that were converted into creative office space.

The landlord, Westside Medical Park LLC, represented itself. According to Toomey, CresaPartners had represented the Rubicon Project in its move to this complex several years ago. Fox Audience Network moved to the complex from Yahoo! Center (2500 Broadway Ave., Santa Monica) following the acquisition.

Craig Roah, COO and Founder of the Rubicon Project, said in a prepared statement that the company originally chose the 1925 space "because the layout allowed us to have an open workspace environment, helping drive communication and transparency throughout the company.” After the FAN acquisition, he said, "It was extremely important to us to have a space that would allow us to promote the same cultural values. Finding these specifications in the building next to our existing headquarters was an obvious bonus.”

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