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LOS ANGELES — Alcion Ventures has received $60 million to refinance debt on Blackwelder, a 157,560-square-foot creative office campus in Los Angeles. The campus is situated at the intersection of Fairfax Avenue and La Cienega Boulevard, adjacent to Culver City.
Blackwelder was renovated in phases, which commenced in 2007. It contains 19 low-rise buildings on more than six acres.
HFF”s Mark Wintner and Doug Bond arranged the financing. Heitman LLC provided the three-year, floating-rate loan.