Greg Barsamian Represents GPI Companies' Acquisition
BURBANK, California (January 2017) – GPI Companies today has announced that it has acquired Media Center North at 2835 North Naomi in Burbank, Calif. The seller was represented by Greg Barsamian, managing principle at Coldwell Banker Commercial Advisors (CBC Advisors) in Glendale.
“GPI Companies is pleased to expand its ownership presence in Burbank and appreciates the assistance of Greg Barsamian and the sellers,” commented Drew Panting, managing principal of GPI Companies.
Media Center North is a 95,000 square-foot Class A office building. The transaction registers as one of the largest office building sales in Burbank during 2016. Entertainment Partners leases and occupies this building as their corporate headquarters. Media Center North is located adjacent to the Golden State Freeway at exit 148.
GPI is a real estate investment and development firm that pursues a targeted range of properties through repositioning, redevelopment, or increased operational efficiency. GPI’s portfolio spans the greater Los Angeles area with approximately $600mm under management.
As a full-service commercial real estate brokerage, CBC Advisors represents world-class office, retail, investment, industrial and multifamily projects while providing institutional-grade asset services nationwide. More than 500 CBC Advisors professionals advise clients from 30 offices coast to coast.