|
10/06/16
|
Hines and funds managed by Oaktree Capital Management L.P. have obtained $33 mil in financing for the Raytheon Office Campus, a three-building, 405.1k sf office property in Fullerton. The five-year, floating-rate loan was arranged by Kevin MacKenzie and Jamie Kline of HFF, and funded through a national bank.
The Raytheon Office Campus consists of two office buildings and one utility plant situated on 33 acres at 1801 and 1901 Hughes Dr in Fullerton, a community 22 miles southeast of downtown Los Angeles and five miles north of Anaheim. The site is surrounded by upscale residential communities and shopping centers and has easy access to I-5 and Hwy 91. The headquarter-style campus is fully leased to Raytheon Co. and serves their six main business segments including Thales Raytheon Systems Joint Venture, Raytheon Highway Transportation Management Systems and Aeronautical Software Production.
“The sponsor has done an excellent job executing their business plan on this asset, and this loan helps get them through a critical stage in the process. Collectively, we were able to navigate the market to get over some hurdles, and obtain advantageous loan terms,” said MacKenzie, co-head of the West Coast for HFF.
|
|
Return to the Archive page
|
|
|
|
|