HFF closes sale of and arranges financing for Alton Corporate Plaza in Irvine, California
NEWPORT BEACH, CA – September 19, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and arranged financing for Alton Corporate Plaza, a two-building, 209,351-square-foot stabilized office campus in Irvine, California.
HFF marketed the property exclusively on behalf of the seller, and procured the buyer, GI Partners. Additionally, HFF worked on behalf of the new owner to secure the loan through Goldman Sachs. HFF was involved in the prior sale and financing of the asset in 2011.
Alton Corporate Plaza consists of the 80,088-square-foot building at 1733 Alton Parkway and the 129,263-square-foot building at 1833 Alton Parkway. The two-story properties are fully leased and serve as the regional headquarters for Rockwell Collins. Situated on a 9.55-acre site within the Irvine Business Complex, Alton Corporate Plaza is accessible to the 5, 55 and 405 Freeways, John Wayne Airport and the Tustin Marine Base development within the Airport area submarket of Orange County.
The HFF investment sales team representing the seller was led by senior managing director Ryan Gallagher and associate directors Derreck Barker and Nicholas Foster.
HFF’s debt placement team was led by senior managing director Kevin MacKenzie and associate director Lee Redmond.
About GI Partners
Founded in 2001, GI Partners is a leading middle market private equity firm based in San Francisco. The firm currently manages over $12 billion in capital commitments through private equity and real estate strategies for recognized institutional investors across the globe. For more information on GI Partners and its entire portfolio, please visit please visit www.gipartners.com.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740.