SANTA MONICA, CALIF. Ń Holliday Fenoglio Fowler (HFF) has worked on behalf of The Lionstone Group to arrange $85 million in acquisition financing for Lantana Media Campus, a 462,429-square-foot, Class A office campus located in Santa Monica. The collateral for the fixed-rate loan consists of four of the campus' five buildings: the 203,102-square-foot Center Building, the 131,242-square-foot South Building, the 65,998-square-foot IMAX Building and the 62,087-square-foot West Building. The campus is situated on 12 acres along West Olympic Boulevard.
Houston-based Lionstone acquired the campus from Maguire REIT in an all cash-transaction that closed in December 2009. Colby Mueck and Scott Galloway of HFF's Houston office partnered with Mark Wintner of the firm's Los Angeles office negotiated the loan through Hartford, Conn.-based Cornerstone Real Estate Advisors.
The Lantana Media Campus is positioned in the heart of the media and post-production entertainment world and has historically exhibited strong occupancy and cash flow, said Mueck, in a statement. The acquisition compliments Lionstone's portfolio in the submarket, which now exceeds 650,000 square feet.
Ń Coleman Wood