JLL Capital Markets announced that it has arranged a refinancing for Pacifica Medical Plaza, a 114,209-square-foot medical building in Irvine, Calif.
JLL worked on behalf of the borrower, a newly formed joint venture between Harrison Street Asset Management and Archer Property Partners, to secure the senior financing through Thorofare Capital.
Pacifica Medical Plaza is a four-story, class A building that was fully renovated in 2022 from a traditional office building to 100 percent medical office use. The property is currently 64 percent leased to tenants, including Children’s Hospital of Orange County, Orthopaedic Specialty Institute, Coastal Kids Pediatric Care, and Hoag, one of the largest acute care hospitals in Orange County. As part of the renovation, a new 575-space parking garage was constructed on site and the building features private balconies, open floor plates and new common areas on floors two through four.
The property is located at the corner o
