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Article: Disney-occupied Burbank office tower goes on block.
- Article from:
- Los Angeles Business Journal
- Article date:
- September 20, 1999
- Author:
CopyrightCOPYRIGHT 1999 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A prestigious office building in the San Fernando Valley that has Walt Disney Co. as its principal tenant is quietly being shopped to a select group of potential buyers.
Tochikogyo USA Inc., which has owned The Tower in the heart of Burbank's media district since 1991, has engaged Jones Lang LaSalle to market the property, an attorney for the company said.
Brokers expect the 462,000-square-foot building to fetch around $115 million.
At 32 stories, The Tower is the third-largest building in the Valley, behind 10 Universal Plaza and Plaza 3 in Warner Center. It's also one of the last major buildings in the Valley still owned by a Japanese ...