{"id":1004152626,"date":"2016-09-16T10:56:17","date_gmt":"2016-09-16T18:56:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004152626"},"modified":"2022-03-03T23:35:20","modified_gmt":"2022-03-04T07:35:20","slug":"metro-la-data-center-scores-major-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/metro-la-data-center-scores-major-refi\/","title":{"rendered":"Metro LA Data Center Scores Major Refi"},"content":{"rendered":"<p><em>By Robert Demeter<\/em><\/p>\n<div id=\"attachment_1004152628\" style=\"width: 252px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/bio.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004152628\" data-attachment-id=\"1004152628\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/metro-la-data-center-scores-major-refi\/bio\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/bio-e1474288168934.png\" data-orig-size=\"297,295\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Kevin MacKenzie, Senior Managing Director, HFF\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Kevin MacKenzie, Senior Managing Director, HFF &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/bio-e1474288168934.png?w=297\" class=\"wp-image-1004152628\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/bio.png\" alt=\"Kevin MacKenzie, Senior Managing Director, HFF \" width=\"242\" height=\"339\" \/><\/a><p id=\"caption-attachment-1004152628\" class=\"wp-caption-text\">Kevin MacKenzie, Senior Managing Director, HFF<\/p><\/div>\n<p><strong>Irvine, Calif.<\/strong>\u2014<a href=\"https:\/\/www.hfflp.com\/\" rel=\"nofollow noopener\" target=\"_blank\">HFF<\/a> recently secured a $62.5 million refinancing for Irvine Crossings, a 395,673-square-foot, single-story data center and industrial property near Irvine\u2019s Airport.<\/p>\n<p>Working on behalf of the borrower, <a href=\"https:\/\/www.menloequities.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Menlo Equities<\/a>, HFF placed a five-year, interest only, fixed-rate financing with <a href=\"https:\/\/www.db.com\/usa\/\" rel=\"nofollow noopener\" target=\"_blank\">Deutsche Bank<\/a>. The HFF debt placement team representing the borrower was led by Senior Managing Director Kevin MacKenzie and Associate Jamie Kline.<\/p>\n<p>Irvine Crossings is situated on 21.2 acres at 17871 Von Karman Ave. and 17836 Gillette Ave., one block north of the intersection of Von Karman Avenue and Main Street. It is less than one mile away from John Wayne Airport and two blocks from Interstate 405. Six other data centers are located nearby, making this area within Irvine one of the most desirable areas for data centers in Southern California, following downtown Los Angeles and El Segundo.<\/p>\n<p>The building was renovated in 2000 and partially converted to a powered shell data center in 2013. A data center operator and an internet technology company occupy the entire facility.<\/p>\n<p>\u201cData center usage provides a unique set of challenges in obtaining aggressive financing, but we were able to utilize the superior location, and best-in-class sponsorship, in order to drive the market and obtain an optimal combination of a low-rate, full-term, interest-only and desired leverage,\u201d said MacKenzie in prepared remarks.<\/p>\n<p><em>Photo courtesy of HFF<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HFF secured financing for Irvine Crossings, a 395,673-square-foot data center facility located in Irvine, Calif.<\/p>\n","protected":false},"author":59,"featured_media":1004508226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21755,21743,21825,1594,21742,21787,15],"tags":[],"class_list":["post-1004152626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-centers","category-deals","category-finance","category-los-angeles","category-latest","category-technology","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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