BWE Closes $77M Construction Loan for Flex Office Complex in LA
Bellwether Enterprise Real Estate Capital LLC (BWE) has closed a $77 million construction loan for a state-of-the-art, flex office campus in northern Los Angeles. The BWE team of Tom Kenny, Josh Boehling and Alex Gregoire in the Irvine, CA office originated the loan on behalf of the borrower.
Improvements to the complex will include the construction of a 205,000-square-foot building with a specialized office build-out and onsite trailer storage space. The loan will also finance construction of a new parking structure. In addition, the campus comes preleased, and is easily accessible to central LA and the Greater San Fernando Valley.
“The strongest office spaces draw talent from a wide area, with innovative design and convenient transportation access,” said Kenny in a news release, adding, “With a specialized, competitive design and strong connections to the Greater Los Angeles area, BWE is excited for the unique opportunity this development presents our client.”
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.