Media Real Estate Financing Secured

March 9th, 2010

HOUSTON, Mar 08, 2010 (BUSINESS WIRE) — The Houston and Los Angeles offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they have arranged $85 million 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.

Cornerstone, an SEC registered investment adviser, specializes in the management of real estate debt, equity, and public securities investments for a global clientele. Cornerstone is an indirect, wholly owned subsidiary of the Massachusetts Mutual Life Insurance Company, with offices in Europe, Asia, and throughout the United States.

HFF /quotes/comstock/13*!hf/quotes/nls/hf (HF 7.76, +0.49, +6.74%) operates out of 17 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, structured finance, private equity, loan sales and commercial loan servicing. www.hfflp.com.

SOURCE: HFF

Everett Drunk Driving Attorney | Cleaning Services Seattle | Thousand Oaks Real Estate | Auto Repair Simi Valley | Solar Panels | H2S Scavenger | Website Enhancement | Spiritual Enlightenment | Bat Control | Malibu Criminal Defense Attorney | Green The World | Las Vegas Hotel Travel Research Los Angeles Electricians | Woodland Hills Criminal Defense Attorney | Los Angeles DUI Attorney | Personal Injury Attorney | Malibu Windows and Doors | Newport Coast Windows and Doors | Home Staging Thousand Oaks | Embroidery Thousand Oaks | Glass Thousand Oaks | Chiropractor Thousand Oaks | Ventura Criminal Defense Attorney |

    • Posted in California Home Loan Rates | No Comments »