HFF Arranges $85M Acquisition Financing for California Media Campus

Edited: Jennifer Brenner
Source: Holliday Fenoglio Fowler, L.P.

The Houston and Los Angeles offices of HFF (Holliday Fenoglio Fowler, L.P.) have arranged $85 million in financing for the Lantana Media Campus, a 462,429-square-foot class A office campus in Santa Monica, California.

HFF associate director Colby Mueck, managing director Mark Wintner and executive managing director Scott Galloway worked exclusively on behalf of the borrower, The Lionstone Group, to secure the fixed-rate financing through Cornerstone Real Estate Advisers, based in Hartford, Connecticut . Houston-based Lionstone acquired the property from Maguire REIT with cash in December 2009 and closed on permanent financing in February 2010.

The property consists of four of the five buildings within the Lantana Media Campus including the 203,102-square foot Center Building , the 62,087-square-foot West Building, the 65,998-square-foot IMAX Building and the 131,242-square-foot South Building. Situated on 12 acres, the property is located along West Olympic Boulevard in Los Angeles’ Westside market close to the Santa Monica Freeway, the San Diego Freeway and the residential areas of Beverly Hills, Brentwood, Westwood, Santa Monica, Playa Vista and Hancock Park.

“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. “The acquisition compliments Lionstone’s portfolio in the submarket which now exceeds 650,000 square feet.”

Lionstone Group is a privately owned real estate investment firm formed in 2001 to target property investments that have excellent long-term fundamentals. Currently, the firm has over $1.0 billion of discretionary equity being deployed in two investment strategies. Each investment strategy focuses on premium locations within major U.S. cities.