Legendary Entertainment has renewed its lease for 89,749 square feet at The Pointe in Burbank for another 12 years, demonstrating confidence in the market.
Jeff Worthe and Blackstone have successfully kept Legendary Entertainment at The Pointe, a key player in the film industry, which enhances their real estate portfolio in Burbank.
The renewal follows a strong year for Legendary, further solidified by their buyout of a majority stake held by Dalian Wanda, providing greater latitude for future acquisitions.
Despite challenges in the Burbank office market with rising vacancies post-pandemic, the retention of key tenants like Legendary suggests potential for stabilizing trends.
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