
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.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing