Warner Bros. and a partnership between Worthe Real Estate Group and San Francisco-based investment firm Stockbridge have reached a deal for the Studio to lease back from Worthe a brand-new studio redevelopment that is planned on the historic Ranch Lot. The announcement was made today by Jeff Nagler, President, Warner Bros. Worldwide Studio Operations, and Jeff Worthe, President, Worthe Real Estate Group.

“Worthe and Stockbridge are excited to continue to expand our relationship with Warner Bros.,” said Worthe. “This new development, at 926,000 square feet including 16 sound stages, will be the largest studio development in the country when the project begins development next year.”