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11/03/17
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In a recent OC financing deal, Menlo Equities LLC has secured a new $39 mil loan on Towne Centre, a 292.3k sf, three-building, Class A office campus located in Foothill Ranch. The five-year, floating-rate loan was arranged by HFF’s Kevin MacKenzie, Greg Brown, Jamie Kline and Nick Lench, and funded through Wells Fargo Bank.
Towne Centre comprises three two-story buildings located at 27042, 27051 and 27121 Towne Centre Dr, adjacent to the 241 Toll Rd in the South Orange County submarket. The property sits on a total of 18.4 acres on both sides of Towne Centre Drive, providing excellent access to the Foothill Transportation Corridor and the Santa Ana (Interstate 5) and San Diego (Interstate 405) freeways.
Additionally, Towne Centre is proximate to a variety of local amenities including Foothill Towne Center, the Great Park of Orange County, and the Irvine Spectrum Center. Renovated in 2015 and 2016, the multi-tenant, creative/tech-driven office property is 77 percent leased to tenants including Ossur America, Rockwell Automation, Edward Jones, AVST, First National Capital, Fujitsu, Eagle Community Credit Union and Cox Communications.
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