Skydance Media wraps up Lantana office purchase for $321M

David Ellison’s firm acquired 2 of the 4 buildings at the Santa Monica campus

Los Angeles /
Mar.March 28, 2019 10:00 AM
David Ellison and the Lantana office

Skydance Media has its new home.

The firm, founded by David Ellison, closed its $321 million purchase of two office buildings in the Lantana office complex in Santa Monica. The deal was completed on March 15, deed records show.

The two properties sold, Lantana Center and Lantana West, are known as the north campus and together, total 278,680 square feet. At $321 million, the deal pencils out to about $1,152 per square foot. That is below the $350 million The Real Deal previously reported before the deal closed.

Artisan Realty Advisors and Brightstone Capital Partners were the sellers. The joint venture still owns the south portion of the campus, comprised of 203,700 square feet. Sources say the two firms are gearing up to market the remaining properties with Eastdil Secured.

Artisan and Brightsone paid $400 million to acquire the entire four-building campus, located at Olympic and Exposition boulevards, in November 2016. That deal worked out to $825 per square foot.

Skydance will be joining Beachbody and Tennis Channel at the campus. Amenities at the Class A office complex include recreation areas, outdoor lounges, food trucks, screening room and laundry service.


Related Articles

arrow_forward_ios
Drawbridge Realty's Mark Whiting and Pacific Center office park at 1600-1610 Saint Andrew Place (Loopnet, Drawbridge Realty, Getty)
Collectibles outfit backed by Mets’ owner Cohen, Nets’ star Durant adds 102K sf at Santa Ana campus
Collectibles outfit backed by Mets’ owner Cohen, Nets’ star Durant adds 102K sf at Santa Ana campus
From left: Greenbridge Investment Partners' Sean Hashem and Fareed Kanani with  525 E. Colorado Blvd (Getty, Loopnet, Greenbridge)
Burrito chain leases at historic newspaper building in Pasadena
Burrito chain leases at historic newspaper building in Pasadena
Stream Realty Partners' Mike McVean, QuadReal's Dennis Lopez, and Stream Realty Partners' Lee Belland with 1800 Tapo Canyon Rd
First tenant signed at Simi Valley industrial park
First tenant signed at Simi Valley industrial park
Mayfair hotel at 1256 West 7th Street (TripAdvisor, Getty)
ICO wants $70M for shuttered Mayfair hotel in DTLA
ICO wants $70M for shuttered Mayfair hotel in DTLA
444 South Flower Street in L.A. with Oaktree's Howard Marks and Coretrust Capital Partners' John Sischo (LinkedIn, OakTree, Google Maps)
Foreclosure looms for 444 South Flower in Downtown LA
Foreclosure looms for 444 South Flower in Downtown LA
Mike Sullivan and rendering for 6000 W. Hollywood Blvd (The Sullivan Family, Getty Images)
Toyota of Hollywood could turn into a retail village
Toyota of Hollywood could turn into a retail village
LVMH's Bernard Arnault, Beverly Hills mayor Lili Bosse and rendering of Cheval Blanc (Lili Bosse, LVHM, Peter Marino Architect, Getty)
Beverly Hills City Council approves Rodeo Drive hotel
Beverly Hills City Council approves Rodeo Drive hotel
Gary Safady and rendering of Bulgari Resort Los Angeles, at 9704-9712 West Oak Road (Getty, Bulgari Hotels)
Planned Bulgari Resort in Benedict Canyon celebrity brouhaha
Planned Bulgari Resort in Benedict Canyon celebrity brouhaha
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...