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July 27, 2020 Comments Off on Western Studio Services Sells Campus Near Disney, Dreamworks Views: 706 California News, Los Angeles

Western Studio Services Sells Campus Near Disney, Dreamworks

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A joint venture between Captiva Partners, Avalon Investment Company and an unnamed private investor acquired a 189,000-square-foot creative office and industrial campus in Los Angeles for reportedly $38 million. Located at 4561 Colorado Blvd., the property was sold by Western Studio Services, which formerly also occupied the facility.

The 7.3-acre property offers immediate access to the 5 and 134 freeway. It is situated near Disney’s Grand Central campus and Dreamworks’ headquarters in Glendale.

The front 146,000-square-foot building has a Mid-Century Modern design with two-storied offices, ample warehouse space and a third-level upper deck and community room. The rear 43,000-square-foot structure features an open, clear-span footprint with high ceiling clearance, ideal for potential future sound stage uses.

CBRE’s Matt Dierckman, David Harding, Greg Geraci, and Billy Walk represented the buyers.

Harding says, “This project is ideal to meet the ever-increasing demand by entertainment companies and the insatiable need to produce more content.”

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