NBCUniversal Headquarters Sails for $420M

SAN FERNANDO, CA-Comcast Corp., a Philadelphia-based media conglomerate, has acquired the NBCUniversal headquarters building for $420 million. Normandy Real Estate Partners of Morristown, NJ, formerly owned the 35-story high rise, which is located at 10 University Plaza.

With 813,892 square feet, the per-square-foot purchase price of the building is $517, making the sale what is said to be the largest in the Valley and one of the largest in Los Angeles County since 2003. Located in a prime location, the building borders Universal Studios Hollywood theme park and Universal Studios’ headquarters.