HFF arranges $17.7 million first-lien financing for single-tenant distribution center in Costa Mesa, CA

IRVINE, CA – HFF announced today that it has arranged a $17.1 million first-lien financing for a 112,296-square-foot single-tenant distribution center (top left photo) in Costa Mesa, California.

HFF worked on behalf of Daymark Realty Advisors to secure the 10-year, 4.65 percent fixed-rate loan through Allstate Investments, LLC, which HFF will also service.

The property is located at 1650 Sunflower Avenue near the intersection of Hyland Avenue and Interstate 405 in Costa Mesa. Renovated in 2008, the property is 100 percent leased to the Federal Express Corporation, a global provider of transportation, e-commerce and business services.

The HFF team representing the borrower was led by director John Chun (lower right photo),

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

JOHN CHUN
HFF Director
(949) 253-8800
jchun@hfflp.com

KRISTEN M. MURPHY
HFF Associate Director, Marketing
(713) 852-3500
krmurphy@hfflp.com

www.daymarkrealtyadvisors.com