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| 1200 Wilshire Boulevard, Downtown Los Angeles, CA |
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| Jeff Sause |
LOS ANGELES, CA – HFF announced it has secured
$13.4 million in acquisition financing for a 90,568-square-foot office building
located at 1200 Wilshire Boulevard in downtown Los Angeles,
California.
HFF worked on behalf of the borrower, Sharp Capital, to
secure the floating-rate loan with Israel Discount Bank of New York.
1200 Wilshire Boulevard is situated on 1.02 acres in the
heart of downtown Los Angeles at the intersection of Wilshire and Lucas Street,
three blocks from the Harbor Freeway.
The six-story building was renovated in 2006 and is 95
percent leased to a variety of tenants in the banking, healthcare, legal,
counseling and marketing sectors.
The
HFF debt placement team representing the borrower was led by associate director
Jeff Sause, managing director Todd Sugimoto and real estate
analysts Ryan Ash and Benjamin Gallant.
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| Todd Sugimoto |
Senior vice president Barak Volner and vice president
Rachel Magner represented Israel Discount Bank in the transaction.
Sharp Capital is based in Beverly Hills and for more than 30
years they have specialized in maximizing the profit potential of undervalued
land and properties in Los Angeles.
The
family-owned nature of Sharp's business and investments has allowed the company
to dramatically increase the swiftness of transactions.
Since Sharp invests personal capital, the
company is able to close deals in as little as seven business days, thus reassuring
sellers and brokers of the soundness of their investments with this unique
firm.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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