Wednesday, August 19, 2015

HFF secures $11.8 million construction loan for a 5-building speculative creative office development in El Segundo, CA

Rendering of planned Trisonic El Segundo office development, El Segundo, CA
Tim Wright
 SAN DIEGO, CA  – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured an $11.8 million construction loan for Trisonic El Segundo, a five-building, 72,000-square-foot, speculative creative office development in El Segundo, California.

Working on behalf of the borrower, a joint venture between Live Oak Properties, LLC and Westport Capital Partners, LLC, HFF placed the 24-month, non-recourse construction loan with a regional bank.

Due for completion in summer 2016, Trisonic El Segundo will consist of five two-story buildings with steel frame construction, modern concrete and glass exterior elements, and metal façade with 16’ ceilings. 

Tenant condominium spaces will range from 2,755 square feet to roughly 18,035 square feet. The project will be offered for sale, either as whole buildings or individual suites.

Anticipated tenants/buyers will come from media production, entertainment, high technology, medical products/services, engineering and aerospace fields.  

The 3.67-acre site is located at 400 Duley Road at the intersection of East Mariposa Ave close to Interstates 405 and 105, Mariposa Station and the Los Angeles International Airport. 

The HFF debt placement team representing the borrower was led by senior managing director Tim Wright and director Zack Holderman.

“Securing non-recourse development capital for a speculative creative office development such as this is a testament to the quality of the development and ownership team, as well as the real estate dynamics in the El Segundo market,” Holderman added. 

 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: