The Luzzatto Company Secures $32.4M Loan From Nuveen Green Capital For Office Campus In Los Angeles

The property asset involved in this transaction is a 107,200 square foot office space situated at 3609-3645 10th Avenue, within the Los Angeles market. This asset is positioned on a 1.3-acre lot and is currently 39% leased, with prominent tenants including the LA Department of Mental Health. The recent financing secured for this creative office campus was $32,400,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $32,400,000
• Square Footage: 107,200
• Address: 3609-3645 10th Avenue
• Market: Los Angeles
• Lender: Nuveen Green Capital
• Landlord: Asher Luzzatto - The Luzzatto Company
• Broker Representatives: Jeff Sause & Lauren Sackler - JLL

This financing transaction was facilitated by Asher Luzzatto, representing The Luzzatto Company, which utilized the funds to pay down existing debt and reduce costs. The involvement of Jeff Sause and Lauren Sackler from JLL signifies their role in managing the brokerage aspects of this deal, highlighting the collaboration among various stakeholders in this financial arrangement.