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One Wilshire

Critical Technology Asset One Wilshire Nabs $389M Refi

Refinancing to the tune of $389.25 million was recently arranged for One Wilshire, a 661,553-square-foot multi-tenant critical technology asset comprising a tier three-plus-equivalent data center and office space in downtown Los Angeles. The international telecommunications industry considers the building the most important point of connectivity between the United States and the Pacific Rim.

Standing at 30 stories, One Wilshire is one of the largest Internet exchanges in the world and the most interconnected terrestrial facility in the Western United States. It is 89 percent leased to major interexchange and local exchange carriers, financial services companies, data communication companies and Internet service providers.

JLL worked on behalf of the borrower, GI Partners, to place the 10-year fixed-rate non-recourse full-term interest-only loan with Goldman Sachs. Loan proceeds will be used to pay off the current loan early and repatriate a portion of the equity.

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One Wilshire

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Financing