ATLANTA–(BUSINESS WIRE)–Bay Point Media, LLC has provided a $20.0 million loan to Athena Studios to finance the construction of a new state-of-the-art studio development in Athens, Georgia. The 45-acre studio will include over 200,000 square feet of space specifically designed for film and television productions. The complex will initially include four sound stages, support buildings, production offices and a fully equipped educational facility that will house the UGA Film School and the Georgia Film Academy. The studio is expected to open in the first quarter of 2023.
Bay Point was represented by Troutman Pepper LLP in the transaction.
“Athena Studios is thrilled to partner with Bay Point Media as we develop a premier facility purpose-built to meet the needs of today’s productions, from flagship franchises to independent films,” said Joel Harber, CEO of Athena Studios. “We are also delighted to bring this facility to the picturesque city of Athens. With hundreds of experienced crews and vendors close by, Athens has everything a production needs.
“We are delighted to bring film and television productions to the city of Athens”, said Chandler Rierson of Bay Point Media. “We believe in the long-term growth of the motion picture industry in Georgia and are excited to be at the forefront of expanding the industry ecosystem across the state.”
About Athena Studios
Athena Studios is a new state-of-the-art soundstage development, the first of its kind in Athens, Georgia. Designed with input from Hollywood experts, Athena Studios will offer 82,000 square feet of column-free space across four stages. Each stage is a soundproof box lined with Insul-QuiltsTM and features a state-of-the-art quiet air conditioning system. The campus will have 98,000 square feet of support space, including 28,000 square feet of office space, up to 30,000 square feet of factory space and up to 40,000 square feet of flex space . The sponsors behind the project are Georgia natives, Joel Harber & Tim Burgess.
About Bay Point Advisors
Founded in 2012, Bay Point Advisors LLC is a privately held company based in Atlanta, Georgia, specializing in personalized and secure lending solutions in real estate and other industries including entertainment, aviation and natural resources. Since its inception, Bay Point Advisors has issued over $1 billion in privately negotiated loans. For more information, please visit www.baypointadvisors.com or www.baypointmedia.com.