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| Zach Koucos |
SAN DIEGO, CA – HFF announced it has arranged $6 million in
financing for Morena Business Center, a three-building,
62,814-square-foot flex industrial park in San Diego, California.
Working exclusively on behalf of SR Commercial, HFF placed the
fixed-rate, non-recourse loan with RGA Reinsurance Company. Loan proceeds were used towards acquiring
the property, and funding capital improvements.
Morena Business Center consists of
2620, 2640, and 2645 Financial Court, and is located just east of Interstate 5
in the Morena submarket of central San Diego.
The 6.26-acre site features three buildings that offer
diverse suites with excellent divisibility and flexibility. Key tenants include Destination Concepts,
American Geotechnical, Solar West Electric, and Envision.
The
HFF team representing the borrower was led by director Zach Koucos and
senior managing director Aldon Cole.
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| Aldon Cole |
“We were pleased with the competitive quotes and quick,
efficient process we received through HFF’s efforts. This is a clear indication that lenders are bullish on
high-quality multi-tenant assets located in desirable markets.
“It was also great to find partners in HFF and RGA who
appreciated the long-term value potential of this property,” said Adam Robinson
of SR Commercial.
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
tel (main) 617-338-0990 | (direct) 617-848-1572 | cel
617.543.4873 | www.hfflp.com
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