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JLL Delivers $119M in Construction Financing for Former Macy’s Store Redev on L.A.’s Westside
JLL arranged $119.3 million in construction financing for GPI Companies’ West End project, an adaptive reuse, creative office development in West Los Angeles. The $180-million redevelopment project will consist of roughly 230,000 square feet of Class A creative office and ground-floor retail and restaurant space slated to deliver in 2021.
JLL worked on behalf of the borrower to secure the two-year, floating-rate loan through ACORE Capital. The JLL Capital Markets team representing the borrower included Kevin MacKenzie, Greg Brown, Jeff Sause and Peter Thompson.
The project is situated on six acres at 10730 W. Pico Blvd. on the site that held the former Westside Pavilion retail center. Hudson Pacific Properties and Macerich’s One Westside redevelopment next door encompasses converting space from the former mall into a 584,000-square-foot office environment for Google.
GPI’s Lee Wagman says, “Our plans for West End dramatically transform this former department store into the westside’s premier modern office campus.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Development


