Disney re-ups.
The Walt Disney Co. has renewed its lease at the Tower Burbank, in
a deal valued at about $50 million.
The five-year deal for 340,639 square feet begins in 2008. Tower
Burbank is located at 3900 W. Alameda Ave. in the Burbank Media
District. The deal works out to about $2.45 per square foot per month.
With the deal, Disney will consolidate its operations at the
31-story building, where it occupies 26 floors. The new lease calls for
the Burbank company to occupy 20 floors.
Doney represented building owner BlackRock Realty.
CB Richard Ellis' Nico Vilgiate also represented BlackRock.
Cushman & Wakefield Inc. represented Disney.
COPYRIGHT 2006 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion