COMMERCIAL DEFEASANCE FACILITATES $29.3M DEFEASANCE

BEVERLY HILLS, CALIF. — Commercial Defeasance LLC has facilitated a $29.3 million defeasance transaction for an undisclosed Beverly Hills-based company. The transaction will allow the company to refinance a 99,904-square-foot, high-rise office building with Washington Mutual Bank. Parklane Investments and George Smith Partners represented the borrowers in the transaction.