June 6, 2017
Washington, D.C.-based Easterly Government Properties, Inc. purchased the Department of Veterans Affairs’ Ambulatory Care Center in Loma Linda, CA. The 327,614-square-foot facility was acquired for an undisclosed amount.
JLL’s Capital Markets, Government Solutions team involved in the transaction included Brian Saal, Bill Prutting, Lucy Fletcher, Mike Yavinsky, Joe Brennan, Marc Rampulla, Ryan Smith and Tom Bohlinger. Tom Traynor and James Millon of CBRE’s Debt & Structured Finance team, along with James Scott and Bernard Van der Lande of CBRE Capital Advisors, secured the $127.5 million loan on behalf of the borrower, Easterly Government Properties.
The VA Loma Linda ACC was a build-to-suit asset completed in May 2016. It serves as the Veterans Affairs’ flagship outpatient facility, and is fully leased to the VA for 20 years. The building is rated as LEED Silver and is located on 37-acres.
“This is one of the premier government facilities in the country serving the nation’s largest veteran population and unlike anything else in the VA health system,” said Saal. “The building’s superior design, construction and strategic location made for a highly competitive bidding process.”
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