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LOS ANGELES — Square Mile Capital Management has originated a $70.5 million loan that is secured by a 415,000-square-foot office building in the Koreatown neighborhood of Los Angeles. The 22-story building is located at 3600 Wilshire Blvd.
The property spans a full city block from Wilshire to 7th Street. It also includes an 825-space parking deck behind the office building.
Jamison Services acquired the building in 1999 and is refinancing the existing debt. Square Mile’s loan also includes proceeds to fund future capital expenditures and leasing costs.