January 15, 2020 Comments Off on Capital One Places $21M Loan with LaSalle for Brea Medical Office Views: 858 California News, Orange County

Capital One Places $21M Loan with LaSalle for Brea Medical Office

Order Reprints...

Capital One has placed a $20.7-million adjustable-rate loan with LaSalle Investment Management for the acquisition of a 90,000-square-foot medical office building located at 2767 E. Imperial Hwy. in Brea, CA.

The property is occupied by St. Jude Centers for Rehabilitation and Wellness, a wholly owned subsidiary of Providence St. Joseph Health, which renewed its lease for 15 years in 2018. St. Jude has invested over $11 million in improvements since it first leased the property in 2007.

“This was our first transaction with LaSalle,” said Erik Tellefson, managing director of Capital One Healthcare. “Their two-decade history of investing in medical office buildings facilitated our ability to develop a financing solution that aligned with their strategic plans for the asset.”

Capital One Healthcare is a leading provider of financial services across healthcare sectors, including senior housing, healthcare services, pharmaceuticals, medical devices, healthcare IT and medical offices.

Connect With Capital One Healthcare

Connect With LaSalle Investment Management


Get CRE News in 150 words

For comments, questions or concerns, please contact Chris Egger

Tags: , ,

Comments are closed.