Friday, February 1, 2019

HFF announces $19.5 million financing of Del Mar Corporate Plaza in San Diego, CA

Del Mar Corporate Plaza, Del Mar Heights, San Diego, CA

SAN DIEGO, CA –– HFF Holliday Fenoglio Fowler, L.P. (HFF) announces $19.5 million in financing for Del Mar Corporate Plaza, two newly renovated office buildings totaling 73,562 square feet in San Diego, California.

The HFF team worked on behalf of the borrower, EverWest Real Estate Partners, to secure the 10-year, 4.54 percent, fixed-rate acquisition loan through a correspondent life insurance company. 

Chris Collins
Del Mar Corporate Plaza is located at 12651 and 12671 High Bluff Drive in Del Mar Heights, which is considered by many to be Southern California’s premier coastal business and residential community. 

The property is within walking distance of the retail and dining amenities at the new One Paseo mixed-use development and is close to Carmel Country Plaza and Del Mar Highlands Town Center. 

Additionally, the asset is within close proximity to local freeways, including Interstates 5 and 805 as well as the Solana Beach and Sorrento Valley Coaster Stations, providing connectivity to the surrounding area.  

Renovated in 2017, the Class A creative office buildings feature small floorplates, a newly renovated fitness center with showers and locker rooms, outdoor patios, a two-story atrium lobby and updated common areas.  Del Mar Corporate Plaza is 79 percent leased to tenants, including HomeStreet Bank and Cirius Therapeutics. 

The HFF debt placement team representing the borrower included director Chris Collins.

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.


CA Lic. #01927590
HFF Director
(858) 552-7690

HFF Director, Public Relations
(617) 338-0990

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