LOS ANGELES, Nov 07, 2011 (BUSINESS WIRE) --
HFF announced today that it has arranged a senior and mezzanine loan
totaling $124.9 million for four office buildings totaling 543,162
square feet in Burbank and Los Angeles, California.
HFF worked on behalf of international real estate investment and
services company Kennedy
Wilson (NYSE: KW) to secure the $104.9 million senior loan through
GE Capital Real Estate and the $20 million mezzanine loan through an
institutional investment advisor. The loans have three-year terms.
Proceeds refinanced debt used to acquire the portfolio in 2007.
The properties within the portfolio are: 303 and 333 North Glenoaks
Boulevard and 300 East Magnolia Boulevard in downtown Burbank, and 6100
Wilshire Boulevard in Los Angeles. Tenants in the 84 percent leased
portfolio include Turner Broadcasting, MTV Networks, Rich Crest
Animation, the University of Redlands and the Department of Justice.
The HFF team representing Kennedy Wilson was led by senior managing
director Paul Brindley and managing director Mark Wintner.
Holliday Fenoglio Fowler, LP ("HFF") and HFF Securities LP ("HFFS") are
owned by HFF, Inc. (NYSE: HF). HFF operates out of 19 offices nationwide
and is a leading provider of commercial real estate and capital markets
services to the U.S. commercial real estate industry. HFF together with
its affiliate HFFS offer clients a fully integrated national capital
markets platform including debt placement, investment sales, advisory
services, structured finance, private equity, loan sales, and commercial
loan servicing. www.hfflp.com.
Paul Brindley, (310) 407-2100
Senior Managing Director
Mark Wintner, (310) 407-2100
Kristen Murphy, (713) 852-3500
Associate Director, Marketing