SANTA MONICA,CA-National real estate investment and management firm Jamestown has acquired Lantana, a premier office, studio and production campus located in the heart of Santa Monica's Media District. The seller is the Lionstone Group of Houston.

The Media District is one of the most desirable and high-barrier office submarkets in the world. This acquisition adds to the growing national portfolio of Jamestown properties focused on the technology, media and creative industries.

“The innovation economy is driving demand for work spaces that offer a vibrant mix of amenities, metropolitan ambience and collaborative, flexible environments,” said Michael Phillips, chief operating officer of Jamestown.  “Jamestown is helping to lead the charge in creating next-level spaces in just these types of environments, and our work at Lantana will further this commitment.”

Lantana comprises four trophy office buildings, including a Gold LEED-certified asset, totaling 484,840 square feet of premium creative office and production space. Built between 1989 and 2008, the complex is ideally situated on 12 acres located at 2900 and 3000 West Olympic Boulevard and at 3003 and 3301 Exposition Boulevard, It is 94% leased. The flexible-use buildings can accommodate a wide variety of tenant needs, forming a creative environment that draws some of the largest names in the media industry, including IMAX, Todd-AO, BeachBody LLC and Dick Clark Productions.

Lantana presents exceptional in-place cash flow, and its quality, location, and flexibility have achieved impressive occupancy and above average rental rates. The complex is in direct proximity to the Santa Monica I-10 and the 405 Freeways, and has immediate access to Santa Monica's transportation system along the major thoroughfares of Olympic, Pico, and Wilshire boulevards. Additionally, Lantana is three blocks from the Bergamot Station art center, where a station is under construction for the new light rail Expo Line, slated to open in 2015.

Eastdil Secured along with Jim Jacobsen and Scott Rigsby of Industry Partners represented Lionstone in the transaction.

This acquisition represents Jamestown's first purchase in Southern California. The firm has been expanding its west coast presence with a number of recent acquisitions, including the purchase of a retail and office portfolio in downtown San Luis Obispo. Jamestown also owns additional mixed-use assets in the San Francisco Bay Area.

Founded in 1983 with headquarters in Atlanta, and Cologne, Germany and offices in New York City, San Francisco, and Washington, D.C., Jamestown is a leader in acquisitions and value added management.