Saturday, December 20, 2008

Panavision moving to LIC

Panavision, a leading maker of camera systems for the movie and television industries, is opting to stay in the city but is splitting its space between two locations. Having vacated its longtime New York City base at 540 W. 36th St. last month, Panavision is relocating its camera operations Downtown and its lighting operations to Queens. The Woodland Hills, CA-based supplier is subleasing 22,000 square feet at 150 Varick St. and leasing 41,000 square feet at 30-40 48th Ave. in Long Island City.

Panavision Splits Space Between Downtown, LIC

According to a release, Panavision vacated 540 W. 36th because the building will be razed to make way for the eventual expansion of the Jacob Javits Convention Center and extension of the No. 7 subway line. However, the company is opting not to follow the example of other camera suppliers that have left New York City, where more than 28,000 movie and TV shooting days were logged last year, according to the Mayor’s Office of Film, Theatre & Broadcasting.

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