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9/18/15
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Zelman Development Co has recapitalized Century Business Center, a seven-building, 1.4 msf industrial manufacturing facility in Hawthorne, with $57 mil in new, senior financing money. Paul Brindley, Anthony Brent and Ryan Martin of HFF arranged the 10-year, fixed-rate loan through AIG Investments
Century Business Center is 100% leased to Triumph Aviation Group, which produces fuselages for Boeing’s 747 passenger and freighter commercial jets, and SpaceX, the largest private space transport company in the world. The center’s two main buildings total approximately 1 msf and provide a column-free work space with 35’ clear heights. The other buildings serve as office space, hangers, cafeteria, medical office and physical plant services.
Additionally, the facility has more than 1,300 parking spaces and has rail access served by Southern Pacific Railroad. Situated on 43 acres just off Interstate 105 at 3901 Jack Northrop Avenue adjacent to the Hawthorne Municipal Airport, the property is approximately three miles from Los Angeles International Airport and 21 miles from the Ports of Long Beach and Los Angeles.
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