Monday, December 10, 2012

HFF arranges $5.5 million financing for fully leased Los Angeles retail center



Westwood Center, Los Angeles, CA
IRVINE, CA – HFF announced today that it has arranged $5.5 million in financing for Westwood Center, a 34,136-square-foot, fully leased shopping center in Los Angeles, California. 

                HFF worked on behalf of the borrower, Westwood Center, LLC, to secure the seven-year, five percent, fixed-rate loan.  The loan was used to refinance existing debt.

James Fowler
Westwood Center is located at 2180 Westwood Boulevard four blocks from Santa Monica Boulevard and just east of the 405 Freeway in Los Angeles.  Tenants at the fully leased center include Subway, Fast Frame, Beauty Supplies, MB Nails and a yoga studio.

The HFF team representing the borrower was led by managing director James Fowler.  The borrowing entity, Westwood Center, LLC, is controlled by Susan Hayes, an experienced developer, owner and manager of commercial real estate.            

Contact:

Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |

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