 |
| Century Business Center, 3901 Jack Northrop Avenue, Hawthone, CA |
 |
| Paul Brindley |
LOS ANGELES, CA – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged $57 million in senior
financing for Century Business Center,
a seven-building, 100-percent-leased industrial manufacturing facility totaling
1.4 million square feet in Hawthorne, California.
HFF worked on behalf of
the borrower, Zelman Development Co., to place the 10-year, fixed-rate loan
with AIG Investments. Loan proceeds were used to recapitalize the property.
Century Business Center is
fully leased to Triumph Aviation Group, which produces fuselages for Boeing’s
747 passenger and freighter commercial jets, and SpaceX, the largest private
space transport company in the world.
The center’s two main
buildings total approximately one million square feet and provide a column-free
work space with 35’ clear heights. The
other buildings serve as office space, hangers, cafeteria, medical office and
physical plant services.
Additionally, the facility
has more than 1,300 parking spaces and has rail access served by Southern
Pacific Railroad. Situated on 43 acres
just off Interstate 105 at 3901 Jack Northrop Avenue adjacent to the Hawthorne
Municipal Airport, the property is approximately three miles from Los Angeles
International Airport and 21 miles from the Ports of Long Beach and Los
Angeles.
 |
| Anthony Brent |
HFF’s team was led by
senior managing directors Paul Brindley
and Anthony Brent, and managing
director Ryan Martin.
“AIG's entrepreneurial
approach allowed them to structure a transaction that allowed the borrower to
buyout their partner and be positioned for the future with an attractive
long-term financing,” Brindley said.
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
No comments:
Post a Comment