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.
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