Airport Authority Enters Into a Purchase and Sale Agreement With Overton Moore Properties for 59-Acre “Trust Property”

BURBANK, Calif., November 2, 2015 – The Burbank-Glendale-Pasadena Airport Authority Commission today announced that, through its real estate broker, Matthew Hargrove of CBRE Inc., it has entered into a $72,500,000 purchase and sale agreement with Southern California based Overton Moore Properties (“OMP”) for the 59-acre “Trust Property” located next to the Burbank Bob Hope Airport, west of Hollywood Way and south of San Fernando Road, formerly known as the Lockheed Property on Hollywood Way.

Click here for a PDF of the complete release.