Anderson Family Properties Secures $550 Million Refinance For 940,000 Square Foot Office Campus In Century City

The asset involved in this transaction is an office campus located at 1800 and 1900 Avenue of the Stars in Century City, California. The property spans 940,000 square feet and has undergone recent renovations. It is currently 95.5% leased to tenants such as Ares Management and prominent law firms.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $550,000,000
• Lender: Wells Fargo & J.P. Morgan Chase
• Landlord: Matt Lavin - Anderson Real Estate (Anderson Family Properties)
• Brokers: Eastdil Secured Savills, Allen Matkins & Hogan Lovells Cadwalader
• Loan Type: Refinance
• Expected Closing Date: October 15, 2026
• Refinancing Amount: Approximately $300 million in existing debt repayment and roughly $219 million returned to ownership

The refinancing transaction is represented by several brokerage firms including Eastdil Secured Savills, Allen Matkins & Hogan Lovells Cadwalader. The involvement of these firms is integral to facilitating the agreement between the landlord and the lenders, Wells Fargo and J.P. Morgan Chase, for securing financing for the property.