52.7 F
Laguna Hills
Wednesday, Feb 12, 2025
-Advertisement-

Walt Disney Co. Buys Anaheim Warehouse for $124 Million

JPMorgan Chase & Co. was Previous Owner of 406,787-Square-Foot Building

The Walt Disney Co. is the new owner of an industrial property in Anaheim, as the mass media and entertainment company bought 406,787 square feet of warehouse space from a business affiliated with JPMorgan Chase & Co. for $124 million, per CoStar data.

The two-building warehouse at 1501 and 1601 E. Cerritos Ave. in Anaheim traded hands for $304.83 per square foot. The deal was finalized on Jan. 10, according to CoStar.

Disney had previously occupied the building as a tenant.

JPMorgan Chase & Co. bought the warehouse space, built in 1968, in 2018 for an undisclosed amount.

Additional details about the Disney transaction will be reported in the Feb. 10 issue of the Business Journal.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Parimal Rohit
Parimal Rohit
Parimal M. Rohit has nearly two decades of experience in journalism and recently covered Texas real estate for CoStar News and Austin Business Journal. He was also the editor of The Log, covering Southern California's and Northern Mexico's maritime and environmental spaces. Throughout his career, Rohit has also covered the Los Angeles Lakers, Los Angeles Dodgers, Bollywood and California politics. Rohit won 12 reporting awards from the San Diego Press Club, including best environmental reporting and best essay/commentary, and the Fort Worth chapter of the Society of Professional Journalists. His hobbies include photography, podcasting, travel and filmmaking. He is also the recipient of several fellowships, including one through the USC Annenberg Center for Health Journalism and another through the RK Mellon Foundation.
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-