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LOS ANGELES — Broadway Trade Center, a 1-million-square-foot, mixed-use building in Los Angeles’ Broadway Corridor, has received a $140-million senior bridge loan. It is located at 830 S. Hill Street.
The loan will finance the acquisition and redevelopment of the center, which was originally built in 1908. Once completed, the center will include large-plate creative office space, as well as ground- and second-floor flagship retail spaces.
Broadway Trade Center is located near the Ace Hotel, Urban Outfitters, Gap and Alma restaurant. The center is owned by a joint venture between Waterbridge Capital and Jack Jangana.
The loan was provided by Canyon Capital Realty Advisors LLC and partner Hudson Pacific Properties.