Hines, J.P. Morgan Chase Acquire Century City Office Properties For $1.2B

Gerald Hines, Jeff Hines, and Jamie Dimon are pictured in the Instagram post presenting the details of a recent loan transaction.

Summary of transaction details

• Property Type: Office
• Date: 10/28/2019
• Address: 2029, 2049 Century Park East
• Market: Century City
• Lender: Deutsche Bank, Wells Fargo, Morgan Stanley
• Landlord: Hines, J.P. Morgan Chase
• Loan Amount: $1,200,000,000
• Loan Terms: 10-year fixed 3% interest rate
• Square Footage: 2,400,000

The loan transaction involved the participation of lenders Deutsche Bank, Wells Fargo, and Morgan Stanley. The loan amount was $1,200,000,000, with a fixed 3% interest rate over a 10-year term. The property, located at 2029 and 2049 Century Park East in Century City, is an office building spanning 2,400,000 square feet. The landlords involved in the transaction are Hines and J.P. Morgan Chase.