HFF announces $42.34M financing for Brea Imperial Center in Brea, California
NEWPORT BEACH, CA – April 19, 2018 – HFF announces $42.34 million in financing for Brea Imperial Center, a two-building medical office/office complex totaling 194,312 square feet in Brea, California.
The HFF team worked on behalf of the borrower and its representative, HPA Growth Fund and Healthcare Property Advisors to secure the two-year, floating-rate loan via debt fund capital. Loan proceeds were used to acquire the property.
Brea Imperial Center comprises 2727 and 2767 E Imperial Highway, which are located in the North Orange County submarket, one of the strongest office markets in Orange County. 2727 E Imperial Highway has 104,662 square feet and is fully occupied by Goodrich, a subsidiary of United Technologies Corporation. 2767 E Imperial Highway is an 89,650-square-foot building that is 100 percent leased to St. Jude Medical Center. The two-story buildings were renovated in 2000 and feature parking for 775 vehicles on a 10.48-acre site.
The HFF debt placement team representing the borrower included senior directors John Chun and Zack Holderman.
Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.