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| 18301 Von Karman, Irvine, CA |
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| Todd Sugimoto |
LOS ANGELES, CA – HFF announced it has arranged $28 million
in joint venture equity for 18301 Von Karman, an 11-story,
225,992-square-foot, Class A office building in Irvine, California.
HFF
worked on behalf of the client, Greenlaw Partners, to secure the joint venture
equity through Cigna Investments in an off-market recapitalization. The equity proceeds are being used to
acquire the ownership interests of Greenlaw’s previous venture partners. HFF also advised the new partnership on the
senior loan.
The
property is located on 0.75 acres at the intersection of Von Karman Avenue and
Michelson Road and is part of the Von Karman Towers office campus. Designed by Gensler and developed in 1989 by
the Koll Company, 18301 Von Karman won BOMA’s Building of the Year Award
(Regional) in 1998. The property is 86
percent leased to a diverse mixture of tenants.
The
HFF team representing Greenlaw Partners was led by managing director Todd
Sugimoto and associate director Jeff Sause.
Greenlaw Partners, LLC is an Orange County, California-based
real estate investment, management and development company.
Since 2003, the company has handled acquisitions and
dispositions in excess of $1.5 billion.
Greenlaw currently manages a portfolio of approximately four million
square feet with a value approaching $1 billion. The company’s core focus is acquiring assets throughout selective
markets in the western United States.
For a complete copy of the company's news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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