Wateridge, West Los Angeles (photo by Paul Bubny) |
LOS ANGELES, CA – JLL Capital Markets has arranged $65 million in refinancing for Wateridge, a six-building, office and retail campus totaling 583,580 square feet in West Los Angeles, California.
Todd Sugimoto |
Built
between 1989 and 2005, Wateridge’s campus spans 21 acres and consists of three
multi-tenant office buildings, a single-tenant medical office, a standalone
24-hour fitness facility and a multi-tenant strip retail center.
The
property is 80 percent occupied and leased to credit-tenants including Kaiser
Health Foundation, the County of Los Angeles and Providence Health.
The
JLL Capital Markets team was led by Managing Directors Todd
Sugimoto and Mark Wintner and Director Chad Morgan.
Mark Wintner |
"We greatly appreciate the efforts
amongst all parties involved to execute in today’s challenging environment.”
JLL Capital Markets is a full-service
global provider of capital solutions for real estate investors and occupiers.
The firm's in-depth local market and global investor knowledge delivers the
best-in-class solutions for clients — whether investment sales and advisory,
debt advisory, equity advisory or a recapitalization.
The firm has
more than 3,000 Capital Markets specialists worldwide with offices in nearly 50
countries.
Chad Morgan |
Jones Lang LaSalle Americas, Inc. ("JLL") is a real
estate broker licensed with the California Department of Real Estate, license
#01223413.
CONTACT
Alli Stent
PR,
Hotels & Hospitality
Capital Markets
Chicago | JLL
M +1 330 329 6750
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