The studio hosts nearly every Broadway production, including Wicked, Waitress and The Music Man starring Hugh Jackman
One of New York’s leading audition and rehearsal studios, Pearl Studios, has reopened now that the lights have come back on Broadway. Walter & Samuels, Inc., a full-service real estate firm established in 1933, is pleased to announce that the Broadway audition and rehearsal company has signed a lease for 46,000 square feet of studio and office space on 3rd and 4th full floors at 500 Eighth Avenue in the Garment District.
Pearl Studios, which hosts rehearsals for nearly every Broadway production including Wicked, Ain’t Too Proud To Beg and Waitress, as well as The Music Man starring Tony Award winner Hugh Jackman, has returned to its old studio in the building where he had been a tenant for more than 13 years before the pandemic.
Walter & Samuels Executive Managing Director Steve Forest negotiated the new 10-year direct lease on behalf of the long-term owner, an investment group led by Walter & Samuels Chairman David I. Berley. The terms of the lease are not disclosed.
“We are thrilled to see Pearl Studios and its sophisticated, lively energy return to our building,” Forest said. “This is a stunning Fashion District building with quality amenities and management in a prime location close to new Hudson Yards and the Far West Side. The area has much to offer, attracting vibrant and diverse rentals, but for Pearl Studios, it has long been its home.
“Like New York City, the building is poised to come back better than ever,” added Berley, producer of the hit show Waitress and longtime admirer of The Great American Songbook. “It’s a joy to be able to combine my passions for real estate and the arts in this transaction. The return of a tenant like Pearl Studios will ensure a vibrant building rental that remains rooted in the region’s diverse industries such as technology, finance, fashion, theater and the arts.
Built in 1922, the building comprises 225,000 square feet of office and retail space over twelve floors, and features high ceilings, large windows, and an industrial aesthetic. The building’s tenants include Staples, Taco Bell’s canteen-themed restaurant, and the New York City Department of Education.
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