Cinespace Studios Sold for $1.1B to TPG Real Estate
BY ETAN VLESSING | HollywoodReporter.Com Troy Warren for CNT #Business #RealEstate The soundstages for Dick Wolf's 'Chicago Fire' and Netflix's 'Umbrella Academy' have been picked up by the real estate investor amid a streaming content boom. TPG Real Estate Partners has purchased studio campuses in Toronto and Chicago belonging to Cinespace Studios, home to production of major films and TV series like Dick Wolf’s Chicago Fire, Chicago PD and Chicago Med, Netflix’s Umbrella Academy and MGM’s The Handmaid’s Tale. Terms of the deal were not disclosed, but it’s understood from a source close to the transaction that the real estate equity investment arm of asset firm TPG paid around…