Griffin Capital has sold the DreamWorks Animation Studio Campus for $290 million to Korea-based Hana Asset Management and Los Angeles-based Ocean West Capital Partners.
The five-building, 460,000-square-foot property is located in Glendale, Calif., and was built in 1997 for DreamWorks Skg, headed by Steven Spielberg, Jeffrey Katzenberg, and David Geffen. The campus remained headquarters for DreamWorks Animation when it became a separate company in 2004 and produced the “Shrek,” “Kung Fu Panda,” and “How to Train Your Dragon” franchises. It will continue as home to DreamWorks Animation under the new owners.
On August, 2016, NBCUniversal acquired DreamWorks Animation for $3.8 billion, making it a division of the Universal Filmed Entertainment Group. Griffin Capital acquired the building in 2015 for $215 million. The seller was represented by the Shannon Team of Newmark