{"id":1004196165,"date":"2017-11-06T07:03:55","date_gmt":"2017-11-06T15:03:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004196165"},"modified":"2022-12-07T15:49:57","modified_gmt":"2022-12-07T23:49:57","slug":"oc-office-campus-lands-39m-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/oc-office-campus-lands-39m-financing\/","title":{"rendered":"OC Office Campus Lands $39M Financing"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004196167\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Towne-Centre-in-Orange-County-Calif..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004196167\" data-attachment-id=\"1004196167\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/oc-office-campus-lands-39m-financing\/towne-centre-in-orange-county-calif\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Towne-Centre-in-Orange-County-Calif..jpg\" data-orig-size=\"640,512\" 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=\"Towne Centre in Orange County, Calif.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Towne Centre in Orange County, Calif.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Towne-Centre-in-Orange-County-Calif..jpg?w=640\" class=\"wp-image-1004196167 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Towne-Centre-in-Orange-County-Calif..jpg\" alt=\"Towne Centre in Orange County, Calif.\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Towne-Centre-in-Orange-County-Calif..jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Towne-Centre-in-Orange-County-Calif..jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004196167\" class=\"wp-caption-text\">Towne Centre in Orange County, Calif.<\/p><\/div>\n<p>Working on behalf of Menlo Equities, HFF arranged a $39 million loan for Towne Centre, a 292,271-square-foot office campus in Foothill Ranch, Calif.<\/p>\n<p>The three-building campus, located at 27042, 27051, and 27121 Towne Centre Drive, was completed in 1999 and underwent renovations in 2015 and 2016. The two-story properties feature more than 1,400 parking spaces. Tenants at Towne Centre, which is currently 77 percent occupied, include Cox Communications, Associa and Fujitsu. The asset sits next to the 241 Toll Road, multiple public transportation and dining options, as well as a Hilton Garden Inn.<\/p>\n<p>HFF Senior Managing Director Kevin MacKenzie, Senior Director Greg Brown, Director Jamie Kline and Analyst Nick Lench represented the borrower. Earlier this year, MacKenzie also arranged the financing for a portfolio comprising 13 <a href=\"https:\/\/www.commercialsearch.com\/news\/multi-state-retail-portfolio-lands-171m-in-financing\/\">multi-tenant retail centers<\/a> located throughout Arizona, California, Florida, Georgia, Illinois, North Carolina and Texas.<\/p>\n<p>According to Yardi Matrix data, Menlo Equities acquired the office park in 2015 from MetLife Real Estate Investment for $33 million.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HFF arranged the loan for Menlo Equities&#8217; Towne Centre, a 292,271-square-foot office campus in Foothill Ranch, Calif. The three-building property underwent renovations in 2015 and 2016.<\/p>\n","protected":false},"author":753,"featured_media":1004196167,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21742,21747,34267,15],"tags":[38207,32792,34647,33084],"class_list":["post-1004196165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-latest","category-office","category-orange-county","category-west","tag-greg-brown","tag-hff","tag-kevin-mackenzie","tag-menlo-equities"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>OC Office Campus Lands $39M Financing - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/oc-office-campus-lands-39m-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OC Office Campus Lands $39M Financing\" \/>\n<meta property=\"og:description\" content=\"HFF arranged the loan for Menlo Equities&#039; Towne Centre, a 292,271-square-foot office campus in Foothill Ranch, Calif. The three-building property underwent renovations in 2015 and 2016.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/oc-office-campus-lands-39m-financing\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-06T15:03:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T23:49:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Towne-Centre-in-Orange-County-Calif..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Razvan Cimpean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oc-office-campus-lands-39m-financing\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oc-office-campus-lands-39m-financing\\\/\"},\"author\":{\"name\":\"Razvan Cimpean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/694c0c0a53e89aa8de1e53ff8201b3b6\"},\"headline\":\"OC Office Campus Lands $39M Financing\",\"datePublished\":\"2017-11-06T15:03:55+00:00\",\"dateModified\":\"2022-12-07T23:49:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oc-office-campus-lands-39m-financing\\\/\"},\"wordCount\":175,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oc-office-campus-lands-39m-financing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/11\\\/Towne-Centre-in-Orange-County-Calif..jpg\",\"keywords\":[\"Greg Brown\",\"HFF\",\"Kevin MacKenzie\",\"Menlo Equities\"],\"articleSection\":[\"Finance\",\"News\",\"Office\",\"Orange County\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oc-office-campus-lands-39m-financing\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oc-office-campus-lands-39m-financing\\\/\",\"name\":\"OC Office Campus Lands $39M Financing - 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