Actor-producer-director Tom Hanks has purchased the contemporary Pacific Palisades home of veteran producers Kathleen Kennedyand Frank Marshall, according to area real estate agents.

The sales price was listed at slightly more than $26 million at, a news and market data service. Property records show that the 14,513-square-foot house, built in 1996, has four bedrooms and five bathrooms. Hanks did not respond to requests for comment.

Read the full article, “Tom Hanks buys Pacific Palisades home” in the Los Angeles Times (Feb 10, 2010).

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