Santa Monica Creative Campus Acquired for $400M

New York-based Brightstone Capital Partners and Los Angeles-based and Artisan Realty Advisors acquired Lantana Media Campus for reportedly $400 million. The joint-venture bought the 12-acre, four-building, 478,713-square-foot office asset in Santa Monica, CA from from Atlanta-based Jamestown Properties.

The new ownership plans a comprehensive, multi-million dollar renovation program including fresh, contemporary approaches to the lobbies, elevators and restrooms. Additional enhancements, designed to activate and energize interior private courtyards, as well as the addition of a robust, on-site amenity package, are in the works.

Brightstone called the deal “an extraordinary opportunity” that was “consistent” with its “model of acquiring unique, high quality assets in advance of offering interests to our investors.”

Eastdil Secured’s Stephen Somer brokered the transaction. Los Angeles-based Mesa West Capital’s Steve Fried and Jason Bressler arranged $283.3-million in acquisition financing.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With ArtisanConnect With Eastdil Secured’s SomerConnect With Mesa West’s Fried

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

Order Reprints