{"id":1004166896,"date":"2017-02-17T07:36:42","date_gmt":"2017-02-17T15:36:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004166896"},"modified":"2022-12-08T21:16:27","modified_gmt":"2022-12-09T05:16:27","slug":"hff-arranges-financing-for-mixed-use-anaheim-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-financing-for-mixed-use-anaheim-campus\/","title":{"rendered":"HFF Arranges Financing for Mixed-Use Anaheim Campus"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<p><strong>Anaheim, Calif.<\/strong>\u2014HFF has secured $19 million in financing for Pacific Center, a mixed-use property in Anaheim, Calif.\u00a0HFF worked on behalf of the borrower, Hines and funds managed by Oaktree Capital Management LP, to secure the three-year, floating-rate loan through CIT Bank, N.A. Loan proceeds will be used to reposition the property.<\/p>\n<div id=\"attachment_1004166336\" style=\"width: 359px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pacific-Center.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004166336\" data-attachment-id=\"1004166336\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hines-jv-acquires-mixed-use-anaheim-campus\/pacific-center-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pacific-Center.jpg\" data-orig-size=\"1650,950\" data-comments-opened=\"0\" 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=\"Pacific Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Pacific Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pacific-Center.jpg?w=1024\" class=\"wp-image-1004166336\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pacific-Center.jpg\" alt=\"Pacific Center\" width=\"349\" height=\"201\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pacific-Center.jpg 1650w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pacific-Center.jpg?resize=300,173 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pacific-Center.jpg?resize=768,442 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pacific-Center.jpg?resize=1024,590 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pacific-Center.jpg?resize=1536,884 1536w\" sizes=\"auto, (max-width: 349px) 100vw, 349px\" \/><\/a><p id=\"caption-attachment-1004166336\" class=\"wp-caption-text\">Pacific Center<\/p><\/div>\n<p>The 130,207-square-foot, 15.5 acre Pacific Center is located at the corner of La Palma and Tustin Avenues, north of the Riverside Freeway. The property comprises a fully-leased, four-story Class A office building; two 58 percent-leased, single-story retail buildings and one fully-leased, single-story flex building. The financing was used for the office and flex assets.\u00a0 The site features an on-site Metrolink station, providing direct access to major employment and entertainment options throughout Los Angeles, Orange County and the Inland Empire.<\/p>\n<p>The HFF debt placement team representing the borrower was led by Kevin MacKenzie, senior managing director, and Jamie Kline, associate.<\/p>\n<p>\u201cThe on-site Metrolink station provides an opportunity for walkable, transit-oriented, mixed-use development in the Orange County area,\u201d said\u00a0Ray Lawler, managing director of Hines, in prepared remarks. \u201cWe see the transit-centered nature of the site as one of the most compelling features of the project and are eager to improve the campus through our strategic capital plan.\u201d<\/p>\n<p><em>Image courtesy of Hines<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property comprises a fully-leased, four-story Class A office building; two 58 percent-leased, single-story retail buildings and one fully-leased, single-story flex building. <\/p>\n","protected":false},"author":746,"featured_media":1004166336,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1594,21752,21742,15],"tags":[32792,32797,32944,33910],"class_list":["post-1004166896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-los-angeles","category-mixed-use","category-latest","category-west","tag-hff","tag-hines","tag-oaktree-capital-management","tag-ray-lawler"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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