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California  + Los Angeles  + Office  | 

DreamWorks’ Glendale Campus Bought by South Korean Investors for $290M

DreamWorks Animation’s Headquarters and Studio Campus in Glendale, CA sold for $290 million. The 460,000-square-foot creative office campus was acquired by LA Hana OW, LLC, an entity of Hana Asset Management and OceanWest, from The GC Net Lease (Glendale) Investors, LLC, an entity of Griffin Capital Company, LLC.

The property is 100% triple-net leased through 2035 to DreamWorks Animation SKG, Inc., a wholly-owned subsidiary of Comcast Corporation. Built in 1997 and situated on roughly 15 acres at 1000 Flower St., the iconic DreamWorks Animation Studios includes five buildings.

NKF Capital Markets’ Kevin Shannon Ken White and Laura Stumm represented the seller. The buyer was self-represented. NKF’s David Milestone and Brett Green arranged buyer financing.

Shannon says, “This is another example of Asian capital targeting Los Angeles for direct investment. This single-tenant asset type is much harder to come by in Los Angeles, compared to San Francisco, Silicon Valley and Seattle.”

For comments, questions or concerns, please contact Dennis Kaiser

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Connect With Hana Asset ManagementConnect With Griffin Capital Co.Connect With NKF’s Shannon

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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