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| 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 | www.hfflp.com
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