Allen Matkins Guides $215M DreamWorks Campus Buy

Law360 (July 24, 2015) Allen Matkins Leck Gamble Mallory & Natsis LLP represented Griffin Capital Essential Asset REIT Inc. in its $215 million purchase of the headquarters and studio campus of DreamWorks Animation in Glendale, California, from SunTrust Equity Funding LLC, a deal the REIT's sponsor Griffin Capital Corp. announced on Thursday. The deal is for five buildings and a combined 460,000 square feet. The property is leased long term to DreamWorks Animation SKG Inc. The property houses DreamWorks Animation's infrastructure, including recording studios, editing equipment and screening rooms. The property also has a Starbucks on-site. Griffin Capital Essential Asset REIT is represented by Anton N. Natsis of Allen Matkins Leck Gamble Mallory & Natsis LLP.