Point.360, a provider of integrated media management services, today announced that it has completed the sale/leaseback of its media center facility in Burbank, Calif.
The value of the transaction was $14.4 million.
Haig S. Bagerdjian, Point.360’s chairman, president and CEO, said in a statement that the company signed a long-term lease agreement.
Point.360’s interconnected facilities in Los Angeles, New York, Chicago, Dallas and San Francisco provide service coverage in each of the major U.S. media centers. Clients include major motion picture studios, advertising agencies and corporations.