Thursday, June 22, 2017

HFF arranges partial interest sale and financing for the redevelopment of ROW DTLA in Downtown Los Angeles


Doug Bond
LOS ANGELES, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged for a 37.5 percent minority interest sale and the refinancing of the existing debt for ROW DTLA in Los Angeles, California. 

HFF worked on behalf of Atlas Capital Group and an institutional investment partnership managed by Square Mile Capital Management to admit the Healthcare of Ontario Pension Plan (“HOOPP”) into the partnership, as well as secure the $475 million, three-year floating-rate loan through Blackstone Real Estate Debt Strategies.

The newly formed equity partnership and debt commitment will further the repositioning and revitalization of this historic, mixed-use district encompassing 32 acres and more than 1.8 million square feet of office, retail, restaurant, entertainment and produce market space on the southern end of the Arts District of Downtown Los Angeles.

ROW DTLA, formerly known as the Los Angeles Terminal Market was built (1917-1923) alongside the Southern Pacific Railroad, and is the largest contiguous block of land in Downtown.  Physically, it comprises eight buildings, a 3,827-stall parking garage, 5.2 acres of developable land, a fully operating produce market and more than 30,000 square feet dedicated to the arts and public space.

Paul Brindley
When complete, ROW DTLA will be home to more than 1.4 million square feet of creative office space, 100 unique merchants, and 15 restaurants including the world-renowned James Beard nominee, Tartine Manufactory that will include two restaurants, a coffee lab, marketplace and bakery. 

The other exciting brands at ROW will include Smorgasburg, Paramount Coffee Project, Rappahannock, J Brand, mitú, Go Get Em Tiger, Café Dulce, Hayato, Pikunico, A+R, 13 Bonaparte, Lust Covet Desire (LCD), Scent Bar, Yolk, Vrai & 

Oro, AHLEM Eyewear, Flask & Field, Milla Chocolates, Shades of Grey by Mica Cohen, dRA Clothing, Banks Journal, Bridge & Burn, Hancock Design, Poketo, Gossamer, Bodega, 

The Wicked Boheme, Nova Arts Salon, Tokyobike, Shadowbox, MVMT Theory, Bender Yoga, The Cartorialist, Jeff Morrical Studio, Jordan Zobrist and jig+saw.  

The HFF equity and debt placement team representing the ownership was led by senior managing directors Doug Bond and Paul Brindley and associate director Brad Greenway.

“With its rich history and wide variety of integrated uses onsite, ROW DTLA will be one of Los Angeles’ can’t miss destinations similar to places such as the Meatpacking District in New York,” said Bond.

“The extraordinary vision of the Atlas team and its partners has led to the creation of one of Los Angeles’ iconic assets that will be a destination for tenants, customers and tourists for years to come,” added Brindley.
For a complete copy of the company’s news release, please contact:

Kristen Murphy
Director, Public Relations
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel 617-848-1572 | cell 617-543-4873 |

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