Wednesday, March 9, 2016

HFF arranges joint venture and financing for Laguna Hills, CA medical office building acquisition

Saddleback Valley Medical Center, Laguna Hills, CA

Todd Sugimoto

LOS ANGELES, CA – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a joint venture and financing for the acquisition of Saddleback Valley Medical Center, a 135,904-square-foot medical office property on the campus of Saddleback Memorial Medical Center in Laguna Hills, California.
HFF arranged the joint venture between Greenlaw Partners and a fund advised by UBS Realty Investors LLC, who together acquired the asset for $34.5 million.  Additionally, HFF worked on behalf of the joint venture to secure the floating-rate acquisition loan through a regional bank.   
Saddleback Valley Medical Center is situated on a 2.6-acre site at 23961 Calle de la Magdalena, on the campus of the Saddleback Memorial Medical Center, which was voted the #1 Hospital in Orange County in 2014 in the Orange County Register’s “Best of Orange County”.

 The five-story property borders Laguna Woods Village, a 3,500-acre independent living, 55+ community and is less than a half of a mile from the San Diego Freeway.  Saddleback Valley Medical Center was most recently renovated in 2014 and is currently undergoing lease-up.

 Greenlaw and UBS plan to build upon their experience in the local market and invest capital into the building to solidify Saddleback Valley Medical Center as one of the premier medical office buildings in the greater Orange County market.

The HFF team representing Greenlaw Partners was led by managing director Todd Sugimoto and associate director Jeff Sause.

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

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

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