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1/29/15
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Beverly Hills-based Sharp Capital has obtained $13.4 mil in acquisition financing for a 90.6k sf office building in downtown Los Angeles. The building is situated on just over one acre at 1200 Wilshire Blvd, at the intersection of Wilshire and Lucas Street, three blocks from the Harbor Fwy.
The six-story building was renovated in 2006 and is 95 percent leased to a variety of tenants in the banking, healthcare, legal, counseling and marketing sectors.
HFF associate director Jeff Sause, managing director Todd Sugimoto and real estate analysts Ryan Ash and Benjamin Gallant secured the floating-rate loan. The lender, Israel Discount Bank, was repped by senior vice president Barak Volner and vice president Rachel in the transaction.
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