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Santa Monica Office Campus Changes Hands in $400M Deal | Tony Seruga
Nov
16

Santa Monica Office Campus Changes Hands in $400M Deal

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Mesa West Capital provided a seven-year loan for the transaction and planned renovations.

Lantana Media Campus, Santa Monica, Calif.Lantana Media Campus, Santa Monica, Calif.

Los Angeles—A joint venture between Brightstone Capital Partners and Artisan Realty Advisors has acquired Lantana Media Campus, a 478,713-square-foot office complex comprised of four buildings in Santa Monica, Calif., for $400 million from Jamestown.

“Santa Monica’s strategic location and amenity-rich environment make the area one of the top submarkets in Southern California,” Dennis Irvin, Brightstone Capital Partners’ managing director, said in a prepared release. “It is one of the most supply constrained markets in the country, making the acquisition of Lantana Media Campus an extraordinary opportunity for Brightstone and one that is consistent with our model of acquiring unique, high quality assets in advance of offering interests to our investors.”…

Santa Monica Office Campus Changes Hands in $400M Deal

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