LOS ANGELES — JLL Capital Markets has arranged $65 million in financing for Wateridge, a six-building office and retail campus in West Los Angeles. LPC Realty Advisors I LLC, an investment advisory affiliate of Lincoln Property Co., is the borrower.
Todd Sugimoto, Mark Wintner and Chad Morgan of JLL Capital Markets secured the five-year, fixed-rate financing with Deutsche Bank.
Built between 1989 and 2005 on 21 acres, Wateridge features three multi-tenant office buildings, a single-tenant medical office building, a standalone 24-hour fitness facility and a multi-tenant retail strip center. At the time of financing, the 583,580-square-foot campus was 80 percent occupied and leased by credit tenants, including Kaiser Health Foundation, County of Los Angeles and Providence Health.