DreamWorks Animation’s Campus Sold To Griffin Capital For $215M

Property values are rising in Glendale: Griffin Capital just paid $215 million to Sun Trust Equity for DreamWorks Animation’s 14.7 acre campus there — five months after Sun Trust paid DWA $185 million for the site. The studio sold the property as part of a restructuring, announced in February, designed to improve its liquidity after a string of its films resulted in writedowns. DWA benefits from the transaction. It has a 50/50 profit sharing agreement with SunTrust. The…

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