Wednesday, September 14, 2016

HFF secures $62.5 million financing for datacenter in Irvine’s California Airport area

Irvine Crossings, Airport Area, 17871 Von Karman Avenue and 17836 Gillette Avenue
rvine, CA

Kevin MacKenzie
NEWPORT BEACH, CA – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a $62.5 million refinancing for Irvine Crossings, a 395,673-square-foot, single-story datacenter and industrial property in the Airport area of Irvine, California.

Working on behalf of the borrower, Menlo Equities, HFF placed the five-year, full-term interest only, fixed-rate financing with Deutsche Bank.

Irvine Crossings is situated on 21.16 acres at 17871 Von Karman Avenue and 17836 Gillette Avenue, one block north of the intersection of Von Karman Avenue and Main Street in Irvine’s Airport area. 

This location is less than one mile from John Wayne Airport and two blocks from Interstate 405.  Six other datacenters are located nearby making this area within Irvine one of the most desirable areas for datacenters in Southern California, behind downtown Los Angeles and El Segundo.

 The fully-leased building was renovated in 2000 and partially converted to a powered shell datacenter in 2013.  A datacenter operator and an internet technology company occupy the entire facility.

The HFF debt placement team representing the borrower was led by senior managing director Kevin MacKenzie and associate Jamie Kline.

Jamie Kline
“Datacenter usage provides a unique set of challenges in obtaining aggressive financing, but we were able to utilize the superior location, and best in class sponsorship, in order to drive the market and obtain an optimal combination of a low rate, full-term interest only and desired leverage,” said MacKenzie.

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

Kristen Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

tel 617.848.1572 | fax 617.338.2150 |

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