LOS ANGELES — GE Real Estate has provided a $380 million first mortgage facility to Douglas Emmett Inc. for the acquisition of a six-building office portfolio located in Southern California. The 1.38 million-square-foot Class A portfolio includes 2001 Wilshire Boulevard in Santa Monica, Calif.; 9100 and 8383 Wilshire Boulevard in Beverly Hills, Calif.; 15250 and 16000 Ventura Boulevard in Sherman Oaks/Encino, Calif.; and 21300 Victory Boulevard in Warner Center/Woodland Hills, Calif. The properties are being acquired from Los Angeles-based Arden Realty. At the time of acquisition, the portfolio was 91 percent occupied by a variety of tenants, including Bosley Inc., Spark Networks, Shapell Industries, Dentsu America Inc., Zenith Insurance Company, Tobin Lucks, COMP Medical Group Inc., Zurich American Insurance and People’s Bank of California.
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