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| Saddleback Valley Medical Center, Laguna Hills, CA |
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| Todd Sugimoto |
LOS ANGELES, CA – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged a joint venture and
financing for the acquisition of Saddleback
Valley Medical Center, a 135,904-square-foot medical office property on the
campus of Saddleback Memorial Medical Center in Laguna Hills, California.
HFF arranged the joint
venture between Greenlaw Partners and a fund advised by UBS Realty Investors
LLC, who together acquired the asset for $34.5 million. Additionally, HFF worked on behalf of the
joint venture to secure the floating-rate acquisition loan through a regional
bank.
Saddleback Valley Medical
Center is situated on a 2.6-acre site at 23961 Calle de la Magdalena, on the campus
of the Saddleback Memorial Medical Center, which was voted the #1 Hospital in
Orange County in 2014 in the Orange County Register’s “Best of Orange County”.
The five-story property borders Laguna Woods
Village, a 3,500-acre independent living, 55+ community and is less than a half
of a mile from the San Diego Freeway.
Saddleback Valley Medical Center was most recently renovated in 2014 and
is currently undergoing lease-up.
Greenlaw and UBS plan to build upon their
experience in the local market and invest capital into the building to solidify
Saddleback Valley Medical Center as one of the premier medical office buildings
in the greater Orange County market.
The HFF team representing
Greenlaw Partners was led by managing director Todd Sugimoto and associate director Jeff Sause.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
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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