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| Miraloma Red gum Business Park, 2901--2941 East Miraloma Avenue, Anaheim, CA |
IRVINE, CA – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has secured $6.05 million in first
lien financing for Miraloma Red Gum
Business Park, a 164,496-square-foot, multi-tenant industrial park in
Anaheim, California.
HFF worked on behalf of
the borrower, CIP Real Estate and partner John Saunders, to secure the 10-year,
fixed-rate loan through Wells Fargo Bank.
Loan proceeds will be used to retire debt and spend more than $630,000
in capital expenditures on the project.
Miraloma Red Gum Business
Park consists of 137 tenant suites divided among seven buildings. The 100-percent-occupied office and warehouse
park is home to a variety of local and regional tenants and serves as an incubator
for many growing Orange County companies.
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| Jamaes Fowler |
Situated on 8.9 acres at
2901-2941 East Miraloma Avenue, the park is blocks away from the convergence of
the Orange Freeway (SR 57) and Riverside Freeway (SR 91) in northeast Anaheim,
an Orange County community approximately 25 miles southeast of downtown Los
Angeles.
Additionally, the property
has access to the Costa Mesa Freeway (SR 55) just east of the property. Miraloma Red Gum Business Park is 30 miles
from the Port of Long Beach and 33 miles from the Port of Los Angeles.
The HFF debt placement
team representing the borrower was led by managing director James Fowler.
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
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