DreamWorks Animation s Glendale Headquarters Hits The Market
Bisnow has confirmed.
The seven-building campus at 1000 Flower St. measures just under 500K SF and is leased to the animation company, a subsidiary of Comcast Corp., until 2035, according to Green Street, which first reported the news. Courtesy of NKF DreamWorks Animation headquarters, as pictured when Ocean West and Hana bought it in 2017.
The DreamWorks Animation HQ is expected to sell for as much as $350M, Green Street said, in large part because “demand for such single-tenant properties under long-term leases with investment-grade tenants has soared amid the pandemic,” as has investor interest in studio projects. Ocean West declined a request for comment. Representatives for Hana Asset Management could not be reached.