Warner says that what sold the property is that land parcels in Burbank are rarely available, and this one is on a primary boulevard with high visibility adjacent to the Bob Hope Airport. The seller of the property had acquired it with plans to build its corporate headquarters on the site, but the company's growth outpaced those plans, and the land proved too small for its needs.
The buyer, a transportation and freight company, will relocate its corporate offices to the front of the parcel and utilize the rear of the parcel for storage.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
