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Panavision Signed to Warner Center Lease

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Trizec Properties Inc. said it has signed a $20-million lease deal with Panavision Inc. at Warner Center.

The film equipment manufacturing and rental company will rent 152,454 square feet on 10.46 acres, the property management company said. Panavision is expected to take occupancy by June, 1996.

Panavision is currently located in Tarzana.

The current occupant of the Warner Center site, Dataproducts Corp., is expected to move to Simi Valley later this year, Trizec said.

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