DivcoWest Refinances Glendale Office Building For $145M Loan

DivcoWest has recently closed a transaction involving an office property located at 655 N. Central Ave. in Glendale. The property spans approximately 591,958 square feet and is categorized as an office asset. The deal was finalized on the date of February 17, 2022.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $145,000,000
• Address: 655 N. Central Ave.
• Market: Glendale
• Landlord: DivcoWest
• Brokers: Brad Zampa, Michael Walker & Greg Grant - CBRE
• Loan Type: Refinance Loan
• Loan Terms: 5-year, floating-rate

The loan amount for this transaction was $145,000,000, and it was categorized as a refinance loan. The terms of the loan include a duration of 5 years and a floating interest rate.