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LaSalle/Pacshore JV Refi’s Playa Vista Class A Duo for $93M

CBRE Capital Markets’ Debt & Structured Finance group has secured a $93 million loan for a joint venture of LaSalle Investment Management and Pacshore Partners to refinance two of three creative Class A buildings the partners acquired in 2017.

CBRE’s Brad Zampa, Greg Grant, Steve Roth and Megan Woodring arranged the five-year, non-recourse floating rate financing with full-term interest-only payments at a very competitive spread priced over 30-day LIBOR.  The loan was placed through an east coast-headquartered life insurance company.

The 180,354-square-foot portfolio features two Class A office buildings located at 12901 W. Jefferson Blvd., and 5340 Alla Road in L.A.’s Playa Vista submarket. The pair are 70-percent leased in total.

“The depth of capital available to institutional borrowers continues to surprise our team, particularly on our larger west coast executions,” said CBRE’s Zampa.

Connect With CBRE’s Zampa


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