Viacom International has renewed the lease of its Nickelodeon animation headquarters in Burbank, Calif., for five years in a deal valued at more than $12 million, a report this week stated.

At approximately 72,232 square feet, the headquarters facility is housed in two low-rise buildings at 231 N. Olive Ave., on a 2.35-acre campus. The site also includes a five-story parking structure with 366 spaces.

Built in 1997 by Toluca Lake-based Accord Interests, which still owns the property, the site has been leased to Viacom since before its completion, according to a press statement.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect Black Friday Sale! Bundle our next two events or secure your 2021 All Access Pass.SEE THE DEALS×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription