Santa Monica Media Complex that Houses Dick Clark Productions Sold for $400 Million

SANTA MONICA, CA -- The Santa Monica office complex that houses Dick Clark Productions and fitness brand Beachbody was sold for $400 million, it was announced this week.

The four-building, 478,713-square-foot Lantana Media Campus was acquired in a joint venture between Brightstone Capital Partners and Artisan Realty Advisors from Jamestown LP.

“Santa Monica’s strategic location and amenity-rich environment make the area one of the top submarkets in Southern California,” Brightstone Capital Partners’ managing director Dennis Irvin said. “It is one of the most supply constrained markets in the country, making the acquisition of Lantana Media Campus an extraordinary opportunity for Brightstone and one that is consistent with our model of acquiring unique, high-quality assets in advance of offering interests to our investors.”

The new owners are planning to comprehensively renovate the 12-acre site that is located on Olympic and Exposition boulevards. The planned upgrade will make the complex a world-class media campus and a competitive site for media companies and creative professionals, the new owners said.

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