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.