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Tuesday, Nov 28, 2023

Dreamworks’ Glendale Campus Sold

The campus of DreamWorks Animation in Glendale has been sold for $290 million to a partnership that includes South Korean investors. Griffin Capital Co. in El Segundo sold the 14.7-acre campus to Hana Asset Management and Ocean West Capital Partners. Hana Asset is a large financial group in South Korea with $5 billion in assets under management. Ocean West is an asset manager in Santa Monica. DreamWorks Animation will continue to occupy the manicured, Tuscan-style campus, which was built in 1997 and features a no-cost cafeteria, water fountains, koi ponds and walking paths. Louis Sohn, Griffin Capital’s director of acquisitions, called the DreamWorks property a great investment for the company. “We are pleased by the opportunity to sell the property at a price substantially higher than at purchase,” Sohn said in a prepared statement. Griffin Capital purchased the DreamWorks campus in 2015 for $215 million from the investment arm of SunTrust Banks Inc. of Atlanta. DreamWorks Animation was acquired by Comcast Corp. in 2016 in a deal valued at $3.8 billion.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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