Burbank’s Media Center North Sells for $23 Million

The 95,000-square-foot Media Center North in Burbank has sold to L.A. developer and investor Goldstein Planting Investments Cos., according to Coldwell Banker Commercial Advisors. CBC Advisors said GPI bought the office building at 2835 N. Naomi St. According to CoStar Group Inc., Draco Inc. sold the property for $23 million. Greg Barasmian, CBC Advisors managing principal, arranged the sale on behalf of GPI. Entertainment Partners, an entertainment industry payroll and services company, is the majority lease holder at the property, according to CoStar. GPI is the redeveloper of the 24.7-acre NoHo West site on Laurel Canyon Boulevard in North Hollywood.