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7/13/17
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Alcion Ventures has obtained $60 mil in refi money for bLAckwelder, a 157.6k sf, creative office campus located at the intersection of Fairfax Ave and La Cienega Blvd in Los Angeles, at the border with Culver City.
Renovated in phases beginning in 2007, bLAckwelder is regarded as one of the premier, authentic creative office projects in Los Angeles. Consisting of 19 low-rise buildings across more than six acres, the property offers a laid-back, campus environment surrounded by highly desirable locational amenities. The project is home to an array of tenants primarily in the technology, advertising, media and information industries.
Mark Wintner and Doug Bond with HFF arranged the three-year, floating-rate loan through Heitman LLC. According to Wintner, the irreplaceable nature of the asset and institutional sponsorship created broad interest from a wide array of potential lenders.
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