June 21, 2017 Comments Off on Blackstone Backs ROW DTLA with $475M Loan Views: 1296 California News, Los Angeles

Blackstone Backs ROW DTLA with $475M Loan

HFF secured a $475-million, three-year floating-rate loan through Blackstone Real Estate Debt Strategies to refinance the existing debt for ROW DTLA in Los Angeles.

HFF also worked on behalf of New York-based Atlas Capital Group and an institutional investment partnership managed by New York-based Square Mile Capital Management, to bring in Healthcare of Ontario Pension Plan as a 37.5% minority partner.

The newly formed equity partnership and debt commitment will further the redevelopment of the historic, mixed-use district located on the southern end of the Arts District. The site encompasses 32 acres and more than 1.8 million square feet of office, retail, restaurant, entertainment and produce market space.

HFF’s equity and debt placement team representing the ownership was led by Doug Bond, Paul Brindley and Brad Greenway.

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