Menlo Equities Secures Financing for Office Campus
Towne Centre, a 292,271-square-foot, three-building, Class A office campus located in Foothill Ranch, CA, received $39 million in financing. HFF worked on behalf of the borrower, an affiliate of Menlo Equities LLC, to secure the five-year, floating-rate loan through Wells Fargo Bank.
Towne Centre comprises three two-story buildings located at 27042, 27051 and 27121 Towne Centre Drive. Renovated in 2015 and 2016, the multi-tenant, creative/tech-driven office property is 77% leased. The commercial real estate property sits on 18.4 acres straddling Towne Centre Drive, and providing access to the Foothill Transportation Corridor and Interstate’s 5 and 405.
HFF’s Kevin MacKenzie, Greg Brown, Jamie Kline and Nick Lench represented the borrower.
For comments, questions or concerns, please contact Dennis Kaiser