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4/20/18
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HFF arranged $42.34 mil in financing for Brea Imperial Center, a two-building medical office/office complex totaling 194.3k sf in Brea. The loan was secured on behalf of HPA Growth Fund and its representative, Healthcare Property Advisors.
Brea Imperial Center is located at 2727 and 2767 E Imperial Hwy, in the North Orange County submarket, one of the strongest office markets in Orange County. 2727 E Imperial Highway contains 104.7k sf and is fully occupied by Goodrich, a subsidiary of United Technologies Corporation. 2767 E Imperial Hwy is an 89.7k sf building that is 100% leased to St. Jude Medical Center. The two-story buildings were renovated in 2000 and feature parking for 775 vehicles on a 10.48-acre site.
HFF’s John Chun and Zack Holderman secured the two-year, floating-rate loan via debt fund capital. Loan proceeds were used to acquire the property.
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