The property involved in this transaction is an office asset located at 2900 West Alameda Avenue in Burbank, encompassing a total square footage of 89,749. The office space is part of The Pointe and is situated within a market that is currently experiencing challenges. The renewal marks a significant commitment from the tenant in a fluctuating market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Lease Term: 12 years
• Address: 2900 West Alameda Avenue
• Market: Burbank
• Landlord: Jeff Worthe - Worthe Real Estate Group; Stephen A. Schwarzman - Blackstone
• Tenant: Joshua Grode - Legendary Entertainment
• Brokers: Blake Mirkin, Douglas Marlow & Todd Doney - CBRE

The deal showcases the efforts of key individuals including Jeff Worthe and Stephen A. Schwarzman as landlords and Joshua Grode representing the tenant. The brokers from CBRE, Blake Mirkin, Douglas Marlow, and Todd Doney, facilitated the leasing transaction, contributing to an essential renewal that may aid in revitalizing the office market in Burbank.