{"id":1004708808,"date":"2024-04-03T08:34:43","date_gmt":"2024-04-03T16:34:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004708808"},"modified":"2024-04-04T06:20:48","modified_gmt":"2024-04-04T14:20:48","slug":"lincoln-property-lines-up-65m-refi-for-los-angeles-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/","title":{"rendered":"Lincoln Property Lines Up $65M Refi for Los Angeles Campus"},"content":{"rendered":"\n<p>Lincoln Property Co. has obtained a $65 million loan for the refinancing of Wateridge, a 585,580-square-foot office and retail campus in West Los Angeles. JLL Capital Markets secured the five-year, fixed-rate financing through Deutsche Bank.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-medium is-resized\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004708814\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/wateridge\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Wateridge-e1712139725861.jpg\" data-orig-size=\"640,480\" 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;\\u00a9 Yardi Systems, Inc.&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=\"Wateridge\" data-image-description=\"&lt;p&gt;The Wateridge campus features over 2,000 parking spaces.  Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The Wateridge campus features over 2,000 parking spaces.  Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Wateridge-e1712139725861.jpg?w=640\" height=\"225\" width=\"300\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Wateridge-e1712139725861.jpg?w=300\" alt=\"Wateridge\" class=\"wp-image-1004708814\" style=\"width:306px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Wateridge-e1712139725861.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Wateridge-e1712139725861.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption class=\"wp-element-caption\">The Wateridge campus features more than 2,000 parking spaces. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Lincoln Property purchased the six-building campus back in 2016 from The Muller Co. in a $135.3 million portfolio transaction, according to CommercialEdge data. Metropolitan Life Insurance Co. provided a $77 million loan for the acquisition, the same source shows.<\/p>\n\n\n\n<p>Completed between 1989 and 2005, the buildings received cosmetic renovations in 2001 and 2018. The campus comprises three Class A, multi-tenant office buildings, a single-tenant medical office asset and a multi-tenant strip retail complex with a fitness center and several dining options.<\/p>\n\n\n\n<p>Wateridge\u2019s campus incorporates 208,999 square feet of office space at Wateridge \u20145105, 5100 &amp; 5110 West Goldleaf Circle, 200,890 square feet of office space at Wateridge \u20145140 &amp; 5150 West Goldleaf Circle, 104,162 square feet of office space at Wateridge \u20145120 West Goldleaf Circle and 37,921 square feet of <a href=\"https:\/\/www.commercialsearch.com\/news\/retail-investors-are-adapting-to-disruption-heres-how\/\">retail space<\/a> at 5035 West Gold Leaf Circle.<\/p>\n\n\n\n<p>JLL\u2019s Managing Directors Todd Sugimoto and Mark Wintner along with Director Chad Morgan led the Capital Markets team, working on behalf of the borrower. At the time of the deal, Wateridge was 80 percent leased to credit-tenants including the County of Los Angeles, Kaiser Health Foundation and Providence Health.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-los-angeles-tops-the-nation-for-office-sales\">Los Angeles tops the nation for office sales <\/h2>\n\n\n\n<p>Located near the intersection of La Cienega Blvd. and West Slauson Ave., the campus is between the Baldwin Hills and Culver City submarkets. Wateridge is close to Interstate 405, providing easy access across the <a href=\"https:\/\/www.commercialsearch.com\/news\/los-angeles-office-deal-volume-highest-in-the-country\/\">Los Angeles<\/a> metropolitan area.<\/p>\n\n\n\n<p>Last year through October, the market saw the largest office transaction volume in the nation, according to a recent CommercialEdge report. Around 7.5 million square feet of office space traded in Los Angeles for a total of nearly $1.9 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JLL Capital Markets arranged the financing.<\/p>\n","protected":false},"author":3014,"featured_media":1004708814,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21783,1594,21752,21742,21747,21749,15],"tags":[32791,32796,34930,35073,34015],"class_list":["post-1004708808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-investment","category-los-angeles","category-mixed-use","category-latest","category-office","category-retail","category-west","tag-deutsche-bank","tag-jll","tag-lincoln-property-co","tag-metropolitan-life-insurance-company","tag-the-muller-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lincoln Property Lines Up $65M Refi for Los Angeles Campus - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Lincoln Property Co. has received $65 million in refinancing for a 585,580-square-foot office and retail campus in West Los Angeles.\" \/>\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\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lincoln Property Lines Up $65M Refi for Los Angeles Campus\" \/>\n<meta property=\"og:description\" content=\"Lincoln Property Co. has received $65 million in refinancing for a 585,580-square-foot office and retail campus in West Los Angeles.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/\" \/>\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=\"2024-04-03T16:34:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-04T14:20:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Wateridge-e1712139725861.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Firtea\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/\",\"name\":\"Lincoln Property Lines Up $65M Refi for Los Angeles Campus - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Wateridge-e1712139725861.jpg\",\"datePublished\":\"2024-04-03T16:34:43+00:00\",\"dateModified\":\"2024-04-04T14:20:48+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\"},\"description\":\"Lincoln Property Co. has received $65 million in refinancing for a 585,580-square-foot office and retail campus in West Los Angeles.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Wateridge-e1712139725861.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Wateridge-e1712139725861.jpg\",\"width\":640,\"height\":480,\"caption\":\"The Wateridge campus features over 2,000 parking spaces. Image courtesy of CommercialEdge\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Lincoln Property Lines Up $65M Refi for Los Angeles Campus\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\",\"name\":\"Diana Firtea\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"caption\":\"Diana Firtea\"},\"description\":\"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Lincoln Property Lines Up $65M Refi for Los Angeles Campus - Commercial Property Executive","description":"Lincoln Property Co. has received $65 million in refinancing for a 585,580-square-foot office and retail campus in West Los Angeles.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/","og_locale":"en_US","og_type":"article","og_title":"Lincoln Property Lines Up $65M Refi for Los Angeles Campus","og_description":"Lincoln Property Co. has received $65 million in refinancing for a 585,580-square-foot office and retail campus in West Los Angeles.","og_url":"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-04-03T16:34:43+00:00","article_modified_time":"2024-04-04T14:20:48+00:00","og_image":[{"width":640,"height":480,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Wateridge-e1712139725861.jpg","type":"image\/jpeg"}],"author":"Diana Firtea","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/","url":"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/","name":"Lincoln Property Lines Up $65M Refi for Los Angeles Campus - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Wateridge-e1712139725861.jpg","datePublished":"2024-04-03T16:34:43+00:00","dateModified":"2024-04-04T14:20:48+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59"},"description":"Lincoln Property Co. has received $65 million in refinancing for a 585,580-square-foot office and retail campus in West Los Angeles.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Wateridge-e1712139725861.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Wateridge-e1712139725861.jpg","width":640,"height":480,"caption":"The Wateridge campus features over 2,000 parking spaces. Image courtesy of CommercialEdge"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lines-up-65m-refi-for-los-angeles-campus\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Lincoln Property Lines Up $65M Refi for Los Angeles Campus"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59","name":"Diana Firtea","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","caption":"Diana Firtea"},"description":"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Wateridge-e1712139725861.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004708808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3014"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004708808"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004708808\/revisions"}],"predecessor-version":[{"id":1004709192,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004708808\/revisions\/1004709192"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004708814"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004708808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004708808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004708808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}