TRD Staff. Millsap sold the nine-soundstage Blackhall Studios campus in Atlanta, one of the state's largest film and television production facilities, to Los Angeles private equity firm Commonwealth Asset. ATLANTA One of Atlanta's largest production studios has been sold to Los Angeles-based private equity firm Commonwealth Group on Wednesday. A city official noted Wednesday its one of a number of discussions that have involved the historic tracks potential next use over the years, but also one that appears to be gaining traction. Following completion of the remaining development, the company will operate 18 stages in the London area. Were pleased to offer some of the worlds top creative talent the space to bring characters and stories to life in premier soundstages backed by best-in-class production services.. The tax credits, along with record output of scripted content, has led major studios to shoot tentpole projects, including Black Panther: Wakanda Forever, Creed III and Tales of the Walking Dead, in Georgia. Purchased by Roy Baker in the 1923 and intended as a horse farm, the brother of former shoe magnate C.H. For more information, please visit OPRs Accessibility Site. Blackhall Studios - Santa Clarita Santa Clarita: Up to 20: 500,000: Purpose-built facility on a 50-acre parcel. Founded in 2017, Shadowbox Studios (formerly Blackhall Studios) develops, owns, and operates state-of-the-art soundstages for film and media production, and provides a range of on-site. Santa Clarita in Los Angeles county has reported a blockbuster year of filming in the city in 2021, following Covid disruptions in 2020. College of the Canyons will hold Discover Day, an event that will give new and potential students the opportunity to explore program offerings and opportunities, on Saturday, March 18, from 9 a.m. to 1 p.m. Deutsche Bank, EY and Sidley Austin represented Shadowbox on the transaction. Street Address: 901 Dove Street, Suite 270 City: Newport Beach Province/State: CA In addition to its existing Atlanta studio, Shadowbox Studios is currently developing three large scale content production campuses in London, Atlanta and Los Angeles. 2020 The Santa Clarita Valley Signal. Contact Info. Each of these investment strategies reflects Commonwealths top-down macro-economic approach, carefully developed investment philosophy and contiguity to technological innovation. The investment includes a capital commitment of $500 million that will support Shadowboxs growth strategy, including existing soundstage development projects in the Atlanta, London, and Los Angeles metro areas with over $1.5 billion of expected capital investment. NOP - Notice of Preparation of a Draft EIR, Vacant site/Non Urban (NU5) and Mixed Use Neighborhood (MX-N)/Non-Urban Residential (NU5) and MX-N. Los Angeles Metro Area: In addition, Shadowbox is currently developing a 19 soundstage, approximately 1.3 million square foot purpose-built studio campus in Santa Clarita, CA. The Los Angeles County Department of Public Health today confirmed 14 new deaths throughout L.A. County, 1,343 new cases countywide and 36 new cases in the Santa Clarita Valley. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Atlanta Metro Area: Shadowbox currently operates an 850,000 square foot studio facility with nine soundstages in Atlanta, GA that has been home to blockbuster features such as. Find your next apartment in Santa Clarita CA on Zillow. From the companys roots as a single site operator, we have worked with local communities in the Atlanta, London, and Los Angeles areas to develop more spaces where content creators can express themselves while also providing hundreds of jobs to local markets, said Adam Fisher, Founder and CEO of Commonwealth Asset Management and a director of Shadowbox. Read Also: Chris Larson Wiki, Biography, Age, Net Worth, Family, Instagram, Twitter, Social Profiles & More Facts Douglas James Hawkins Net Worth. Ginger.Li@silverlake.com, Allison McLarty The owner of the property is LA Railroad 93 LLC, which is a real estate investment company established by Ryan Millsap, CEO of Georgia-based Blackhall Studios. Over time, CWAM has found that this structure allows it to match capital with its underlying investments on a bespoke basis, reducing the typical constraints of duration, scale and return profile that are faced by most closedend investment vehicles. The facility in Atlanta has hosted productions like "Jumanji: The Next Level," "Jungle Cruise" and '"Godzilla: King of the Monsters," and the company felt a footprint in Los Angeles was . 2023 The Hollywood Reporter, LLC. A . Shadowbox currently operates soundstage campuses in Atlanta and the United Kingdom, with further active developments in the Atlanta, London, and Los Angeles metro areas. While the Santa Clarita lot is a somewhat smaller property, the one-stop review request includes more development than the Atlanta lot, with more than 1 million square feet of commercial space planned. The combination of Shadowboxs premier facilities in tier one production hubs and deep relationships across the production landscape allows the company to support the worlds top content producers as they grow their businesses, said Lee Wittlinger, Managing Director at Silver Lake, who has joined Shadowboxs board along with Silver Lake Director Chip Schroeder. Production resumed gradually in the state where by April 2021 on-location filming in Los Angeles returned to 60% of normal levels. saw The Master's University Mustang track teams break records as they moved on to the finals. In his role as Chairman at Blackhall, Ryan oversees the long and short term strategy of the studios, staying involved on a daily basis to provide leadership and direction . It appears the Saugus Speedway, a Santa Clarita Valley fixture since the 1920s, may face its final checkered flag, if a pair of developers get their way. His Atlanta studio complex, launched in 2017, spans about 150 acres, according to the studios website, and a 2019 CNBC article referred to Blackhall Studios as the third largest in the state. Shadowbox develops, owns, and operates purpose-built, state-of-the-art soundstage facilities uniquely positioned to meet the needs of a growing industry of creative content producers. Our state-of-the-art facilities physically exist as shadowboxes where our clients can execute their artistic endeavors. The company has plans to build another 55 soundstages 22 in Atlanta, 14 in Shinfield and a new, 19-soundstage facility in Santa Clarita which would make it one of the largest operators in the world. Shadowbox is currently building a 1.3 million square foot studio campus in Santa Clarita. Staff; Board of Directors; Ambassadors; Business Improvement . Upon completion of these development projects, Shadowbox will own and operate a portfolio of 68 soundstages and over 4.2 million square feet of leasable area, making it one of the largest operators in the sector. The review is not considered a project application. Santa Clarita Valley International Charter School, the Founding School for iLEAD, a public charter school network that makes available innovative learning options for children in grades TK through 12, is recruiting new students for the 2023-24 school year through lottery applications. Variety and the Flying V logos are trademarks of Variety Media, LLC. . In a press release on Tuesday, Peter Rumbold, Commonwealths head of real estate, said the new name is intended to evoke the physical and imagined spaces supported by our platform., Our state-of-the-art facilities physically exist as shadowboxes where our clients can execute their artistic endeavors, he said. Upon completion of these development projects, Shadowbox will own and operate a portfolio of 68 soundstages and over 4.2 million square feet of leasable area, making it . Shadowbox is currently in the environmental impact review phase for its full-service film and television studio campus near the northeast corner of 13th and Arch streets in Newhall. The investment from private equity firm Silver Lake will also go toward expanding the studios footprint in London and Los Angeles. *Assets estimated as of March 2022 and are inclusive of Commonwealth Asset Management LP, Commonwealth Asset Management Holdings LLC and its affiliates, constituting CWAM. Immediately south of its existing Atlanta studio, the Platform is developing a 1.2MM square foot expansion on a 155-acre parcel. Santa Clarita 661-290-2991. The Santa Clarita Valley in total has more than 30 sound stages and 10 movie ranches, according to the citys Film Office figures from December. Georgias uncapped film and TV tax credit incentive program has transformed the state into a major production hub since it was created in 2006. 18756 Mandan St APT 1512, Santa Clarita, CA 91351. Peter Rumbold, a director at the studio, said the new name represents the company going forward as a symbol of both the physical and imagined spaces supported by our platform., He added, Our state-of-the-art facilities physically exist as shadowboxes where our clients can execute their artistic endeavors.. The companys new investor is Silver Lake, the global private equity firm, which has agreed to put $500 million toward a $1.5 billion capital investment plan. Hotels near Melody Ranch Motion Picture Studio: (3.29 mi) Hotel Lexen Newhall & Santa Clarita (5.59 mi) Hampton Inn Los Angeles/Santa Clarita (5.55 mi) La Quinta Inn & Suites by Wyndham Santa Clarita - Valencia (7.39 mi) Hilton Garden Inn Valencia Six Flags (6.06 mi) Hyatt Regency Valencia The Signal is property of Paladin Multi-Media Group, Inc. Santa Clarita 1 Bedroom Houses; Santa Clarita 2 Bedroom Houses; Santa Clarita 3 Bedroom Houses; Est. The development was approved in 2020, Nguyen said. For more information, visit www.shadowboxstudios.com. Compared wth 2020, this marks an overall rise of 62% in permits, 42.6% in film days and 40.8% to the estimated economic impact. Were pleased to offer some of the worlds top creative talent the space to bring characters and stories to life in premier soundstages backed by best-in-class production services.. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. A $500 million investment from. Shadowboxs existing footprint consists of: Upon completion of these development projects, Shadowbox will own and operate a portfolio of 68 soundstages and over 4.2 million square feet of leasable area, making it one of the largest operators in the sector. Visit Website; Request Info; 1415 Constitution Rd. Shadowboxs existing footprint consists of: Upon completion of these development projects, Shadowbox will own and operate a portfolio of 68 soundstages and over 4.2 million square feet of leasable area, making it one of the largest operators in the sector. Venom, Jumanji, Jungle Cruise, Dr. Sleep, The Tomorrow War, and Godzilla King of Monsters are. 23 days on Zillow. Prime Video's comedy feature Grand Death Lotto to shoot next week, Part two of Kevin Costner Western film series Horizon underway in Utah, LeBron James' sports drama Rez Ball to film in New Mexico for Netflix, Choose from three profile types - Basic, Silver and Gold. Join the Santa Clarita Valley Sheriff's Station for a morning of coffee Wednesday, March 15, between 9 a.m.-11 a.m., at Dicks Sporting Goods, 26591 Carl Boyer Drive, Santa Clarita, CA 91350. The Los Angeles County Department of Parks and Recreation, Castaic Lake State Recreation Area is hiring for cashier-clerk positions. Our partnership with Silver Lake represents a major step forward for our Shadowbox platform, not only by providing significant growth capital for the business, but also by expanding our relationships in the entertainment and technology communities which are integral to Shadowboxs future.. Our state-of-the-art facilities physically exist as shadowboxes where our clients can execute their artistic endeavors. Blackhall Studios and the University of Reading want to develop the purpose built studios at Thames Valley Science Park. Consumer demand for premium film and TV content, coupled with the growing number of producers, has driven outsized demand for soundstage capacity. In addition, the firm maintains substantial coinvestment relationships with highnetworth family offices and large institutions that provide a rapidly scalable base of investable capital. Shadowbox is conveniently located less than 10 miles from Atlanta-Hartsfield Jackson International Airport, with hourly flights to all major cities, and only 20 miles from DeKalb-Peachtree Airport, which accommodates private, luxury jets. To learn more about Database Works and our custom software solutions, please request a demo. FGS Global Production teams can also access over 13,000 square feet of office space on the studios Main Campus plus nearly 30,000 square feet of production bungalows, as well as 40,000 square feet of additional office space on the East and Grove Campuses. The aerial view of Blackhall Studios in Atlanta, which was purchased by Commonwealth Group. In addition to providing real estate services to its clients, Shadowbox also provides productions with lighting and grip rentals through its wholly owned subsidiary, Lamp Dock, as well as other key on-lot services. Nine buildings, which would contain 19 sound stages, would be constructed in the central portion of the Project Site, south of Placerita Creek. 25350 Magic Mountain Parkway, Suite 250 Santa Clarita, CA 91355 . The Santa Clarita Valley Sheriffs Station annual All Schools Dance is back for its 38th year and will be held Friday, March 10 from 7:30 p.m. to 11 p.m. at Six Flags Magic Mountain. The review process, which started about 10 days ago, generally takes about five weeks, which could change depending on the project. The company formerly known as Blackhall Studios announced a new name and a new investor on Tuesday, as it pursues an ambitious construction agenda in Georgia, Los Angeles and the United Kingdom. Blackhall is planning to more than double the size of its Atlanta complex from about 850,000 square feet to over 2 million square feet in the coming years, an expansion that would include a mix. Blackhall Studios founder Ryan Millsap announced Wednesday morning he's sold the studio to a California based private equity firm. "Santa Clarita has a rich history of film production and location filming, and we are thrilled to see the numbers have rebounded from the pandemic shutdowns, said Santa Clarita mayor, Laurene Weste. 19th February 2020 @ 10:48. The Los Angeles County Department of Public Health today confirmed 14 new deaths throughout L.A. County, 1,343 new cases countywide and 36 new cases in the Santa Clarita Valley. Shadowbox Studios Atlanta - Phase I (formerly Blackhall Studios) is an 850,000 square foot studio facility that has been home to such blockbuster features as Jumanji: The Next Level, Jungle Cruise and Godzilla: King of the Monsters. In addition, a two-story support building would extend along the remaining portion of the western boundary (i.e., Railroad Avenue) of the Project Site, south of Placerita Creek. Ryan Millsap, Blackhall Studios ' founder and CEO, announced the sale to. A representative from Shadowbox was not immediately available Wednesday. Plans to develop the "largest purpose-built film studio" in the UK have been put forward in Reading. 2023 Variety Media, LLC. Ryan Millsap of Blackhall Studios in front of Studio 8 (Photo by Maria Saporta) "This has been in the works for about a . Latham & Watkins represented Silver Lake. From the companys roots as a single site operator, we have worked with local communities in the Atlanta, London, and Los Angeles areas to develop more spaces where content creators can express themselves while also providing hundreds of jobs to local markets, said Adam Fisher, Founder and CEO of Commonwealth Asset Management and a Director of Shadowbox. There is a long runway for the growth of the overall industry, and we are thrilled to partner with Shadowbox to expand the companys service offerings and deliver premium soundstage facilities in the top global production markets..