Lantana complex in Santa Monica sells for more than $310 million As Santa Monica's burgeoning media district solidifies its position as a center for entertainment and technology businesses, the sprawling Lantana office, studio and production complex has sold for more than $310 million. The four-building Lantana campus on West Olympic Boulevard, which is home to such media tenants as Imax, Todd-AO and Dick Clark Productions, was acquired by Atlanta developer Jamestown. It was the first Southern California purchase for the real estate investment and management firm that specializes in serving tenants in technology, media and other creative fields. "We are coming in to be stewards of an exceptional facility," said Michael Phillips, chief operating officer of Jamestown. Lantana is well landscaped and has an upscale restaurant named Stefan's at L.A. Farm, he said, but Jamestown plans to add more features to attract and keep tenants. "Our plan is to enhance and revamp the production facilities and amenitize Lantana for the next generation of users," Phillips said. PHOTOS: The five tallest buildings in L.A. Improvements may include offering continuing education classes, more dining options, showers for bike riders and dog runs for the use of employees who bring their pets to work. Phillips also expects Lantana to become part of a community-supported agriculture program that delivers produce to participants. "Every week you get a box of whatever came fresh from the farm," he said. Lantana is three blocks from the Bergamot Station art center, where an Expo Line light rail stop is set to open in 2015. City officials are encouraging growth around the Metro station, which is near the intersection of the 10 and 405 freeways, said real estate broker Jim Jacobsen of Industry Partners. He helped represent Lantana's seller, the Lionstone Group, in the transaction. Santa Monica has attracted a lot of entertainment and technology businesses, some of which have difficulty finding large enough offices downtown, he said. This is really the only area left to be developed. Jamestown is looking for other investments on the West Coast, Phillips said. The company owns retail and office properties in San Luis Obispo and office buildings in San Francisco that are home to tech tenants such as Monster.com. In New York it owns the Chelsea Market food market and office complex where tenants include Google, the Food Network and MLB Digital Media. It also owns One Times Square building, where the famous ball drops annually to celebrate New Year's Eve.