October 5, 2016
Holliday Fenoglio Fowler, L.P. (HFF) arranged $33 million in financing for the Raytheon Office Campus, a 405,130-square-foot office property in Fullerton, CA. The three-building asset includes two office buildings and one utility plant situated on 33 acres that is 100% leased by the defense contractor.
HFF worked on behalf of the borrower, Hines, and funds managed by Oaktree Capital Management, L.P., to secure the five-year, floating-rate loan through a national bank.
HFF’s debt placement team representing the borrower included Kevin MacKenzie and Jamie Kline.
MacKenzie says, “The sponsor has done an excellent job executing their business plan on this asset, and this loan helps get them through a critical stage in the process.”
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