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Five Point Gateway Campus in Irvine Spectrum Acquired for $443M
Five Point Holdings, LLC led an investor group in the $443-million purchase of Broadcom Limited’s 73-acre corporate campus in Irvine, CA’s Great Park Neighborhoods. The renamed Five Point Gateway, a four-building office and R&D development, was nearing completion as a corporate campus for Broadcom.
Five Point Gateway includes more than one million square feet at 15101, 15131, 15161 and 15191 Alton Parkway. Additional site entitlements could allow construction of 734,000 square feet of office space, 1,300 apartments or roughly 1,000 home sites.
Broadcom plans to leaseback 660,000 square feet on a triple-net basis, while Lennar Corporation and Five Point will occupy two other buildings, with 232,223 square feet available for lease.
HFF’s Kevin MacKenzie, Lee Redmond and Peter Thompson advised the borrowers in securing $339 million in acquisition financing. The five-year, floating-rate loan was provided through Starwood Property Trust, Inc. CBRE’s Kevin Bender, Jake Stickel and Todd Tydlaska represented Broadcom in the transaction.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Sale/Acquisition


