JLL Secures $65M Refinance Deal For Wateridge Office & Retail Campus In LA

The Wateridge, a West Los Angeles office and retail campus spanning 583,580 square feet, located at 5035-5150 Goldleaf Circle, was involved in a $65 million refinancing deal. The property, comprising six buildings on 21 acres, is owned by Clay Duvall & David Binswange of Lincoln Property - LPC Realty Advisors I, LLC. The lender for this transaction was Deutsche Bank.

Summary of transaction details:

• Property Type: Office & Retail
• Transaction Amount: $65,000,000
• Market: Los Angeles
• Landlord: Clay Duvall & David Binswange - Lincoln Property - LPC Realty Advisors I, LLC
• Brokers: Chad Morgan, Mark Wintner & Todd Sugimoto - JLL

JLL Capital Markets facilitated the $65 million refinancing deal for Wateridge on behalf of LPC Realty Advisors I, LLC. The property boasts 80% occupancy with credit-worthy tenants, reflecting successful transformation and institutional ownership in the West LA market. Noteworthy individuals involved in the deal include Chad Morgan, Mark Wintner, and Todd Sugimoto from JLL.