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George Smith Secures $168M for Playa Vista Amazon Facility, Chick-fil-A Restaurant

George Smith Partners closed a $168 million permanent refinance loan on an Amazon facility and Chick-fil-A restaurant in Playa Vista. The permanent loan is non-recourse with cash out, fixed for 10 years at 4.06% with interest-only payments for the entire term and 5.5% blended debt yield.

The three-parcel, 12.5-acre portfolio consisted of an auto dealership mall, MOB and Chick-fil-A at 11750 Jefferson Blvd. The 128,000-square-foot auto mall at 5750 Mesmer Ave. was converted for Amazon and the MOB was demolished to make way for additional vehicle parking.

The recent closing followed up a $110 million bridge refinance on the same property last summer. Citi was the lender on both financings.

Antonio Hachem, who led the George Smith Partners’ team in both financings on behalf of an unnamed existing client, says, “I am thrilled to have completed both loans on this new Amazon facility, which will create jobs and offer efficient and reliable delivery to the fast-growing Silicon Beach and Westside areas.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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