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LPC Realty Advisors I secures $65m in financing for six-building office and retail campus in West Los Angeles
Transactions - APRIL 5, 2024

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LPC Realty Advisors I secures $65m in financing for six-building office and retail campus in West Los Angeles

by Denise Moose

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.

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