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BURBANK, CALIF. – A joint venture has been formed between PCCP, LLC and Worthe Real Estate Group to acquire Tower Burbank, a 486,972-square-foot office property. The 32-story, Class A tower is located at 3900 West Alameda Ave. within the Burbank Media District. It became the tallest building in Burbank upon completion in 1989.
The tower was formerly occupied by a division of Walt Disney Company until early 2013. It is currently vacant. The JV plans to update and rebrand the tower, which will undergo improvements to its lobby and exterior. It will also add a tenant-only health club and café.