LPC Realty Advisors I, an investment advisory affiliate of Lincoln Property Company, announced that it secured $65 million in refinancing for Wateridge, a six-building office and retail campus totaling 583,580 square feet in West Los Angeles, Calif.
JLL worked on behalf of the borrower to secure the five-year, fixed-rate financing with Deutsche Bank.
Built between 1989 and 2005, Wateridge’s campus spans 21 acres and consists of three multi-tenant office buildings, a single-tenant medical office, a standalone 24-hour fitness facility and a multi-tenant strip retail center. The property is 80 percent occupied and leased to credit-tenants including Kaiser Health Foundation, the County of Los Angeles and Providence Health.
