South Korean investment firm is buying DreamWorks HQ in Glendale: report

Ocean West Capital is the partner on the deal

Hana Asset Management and partner Ocean West Capital are in advanced talks to acquire DreamWorks Animation’s 485,000-square-foot headquarters in Glendale in a deal that is expected to close next month.

Hana, a South Korean investment management firm and Santa Monica-based Ocean West agreed to pay the seller, El Segundo-based Griffin Capital, roughly $290 million, or just under $600 a square foot, for the six-building campus at 1000 Flower Street, REAlert reported.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

Newmark Knight Frank is brokering the sale.

A subsidiary of SunTrust acquired the property in 2015 from DreamWorks for $185 million. Part of the deal was a leaseback agreement that allowed Dreamworks to stay in its studios until 2035. Five months later, SunTrust sold the campus to Griffin for about $215 million. [REAlert] — Hannah Miet

Tags

South Korean investment firm is buying DreamWorks HQ in Glendale: report

Ocean West Capital is the partner on the deal

Hana Asset Management and partner Ocean West Capital are in advanced talks to acquire DreamWorks Animation’s 485,000-square-foot headquarters in Glendale in a deal that is expected to close next month.

Hana, a South Korean investment management firm and Santa Monica-based Ocean West agreed to pay the seller, El Segundo-based Griffin Capital, roughly $290 million, or just under $600 a square foot, for the six-building campus at 1000 Flower Street, REAlert reported.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

Newmark Knight Frank is brokering the sale.

A subsidiary of SunTrust acquired the property in 2015 from DreamWorks for $185 million. Part of the deal was a leaseback agreement that allowed Dreamworks to stay in its studios until 2035. Five months later, SunTrust sold the campus to Griffin for about $215 million. [REAlert] — Hannah Miet

Tags