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| Kevin MacKenzie |
IRVINE, CA – May 6,
2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured
$23.18 million in financing for a 36,000-square-foot development site at 9908 Santa Monica Boulevard in Beverly
Hills, California.
HFF worked on behalf of the borrower, GPI Companies in
placing the three-year, floating-rate loan with Cornerstone Real Estate
Advisers.
The development site is situated on the southwest corner of
Santa Monica and Charleville Boulevards across from the Beverly Hilton, the
former Robinsons-May department store building and the Peninsula Beverly Hills
hotels.
Once the site of the Friars Club, the vacant site is
currently commercially zoned for office or retail use.
The HFF debt placement team consisted of senior managing
director Kevin MacKenzie and
associate directors Greg Brown and Jeff
Sause.
“HFF was able to identify a lender that understood the
specific goals of our client and worked to provide a loan structure that will
allow them to execute their business plan,” said Brown.
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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