SANTA MONICA, CA-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that IMAX Corp. has signed a lease renewal to remain at the Lantana Entertainment and Media Campus. The renewal is for the entire 65,000 square-foot Lantana IMAX Building.
While sources involved in the deal would not divulge further information including lease terms, an unidentified source tells GlobeSt.com that the aggregate lease value is around $30 million.
Jim Jacobsen and Scott Rigsby, principals of Industry Partners, represented owner the Lionstone Group in the transaction.
The Energy Star-labeled three-story building, located at 2900 Exposition, has served as the West Coast headquarters for IMAX since 2000 when the company consolidated its local operations in Santa Monica, according to a prepared statement. The building is one of four distinct structures on the 12-acre, 460,000 square-foot creative office campus near Olympic Boulevard and Centinela Avenue in Santa Monica. Also located on the campus is full-service restaurant Stefan's at LA Farm, a 25-seat state-of-the-art screening room, and landscaped outdoor meeting spaces.
Lantana is 95% occupied. Other entertainment and media tenants include Dick Clark Productions, Todd-AO, Berman Braun, Beachbody, Revolution Studios and Adconian Media Group.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
