Friday, October 31, 2014

HFF arranges $9.97 million financing for Class A specialty center in the Brentwood section of west Los Angeles, CA

Kevin Mackenzie
IRVINE, CA – HFF announced it has arranged $9.97 million in first lien financing for the acquisition of a Class A, 11,990-square-foot specialty center in the affluent Brentwood area of West Los Angeles, California.

               HFF worked exclusively on behalf of GPI Companies to secure the loan through Los Angeles-based City National Bank.  Loan proceeds were used to acquire the property. 

The upscale specialty center is situated on a 20,022-square-foot lot at 11770 San Vicente Boulevard near the intersection of San Vicente Boulevard and Barrington Avenue in the heart of Brentwood. 

The property inhabits a prominent corner lot with more than 250 feet of frontage on San Vicente with an average traffic count of more than 35,000 vehicles per day.  Additionally, the property has an adjacent 29-space parking lot. 

Greg Brown
The center is 100 percent leased to Gaucho Grill, Pizzicotto Restaurant, First Republic Bank, Peet’s Coffee, Subway, Chase Bank ATM and Radco RE.

The HFF team representing the borrower was led by senior managing director Kevin Mackenzie, associate directors Greg Brown and Jeff Sause and real estate analyst Jamie Kline.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

No comments: