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ET Corp. Secures $11.1M Acquisition Loan

SAN DIEGO-Funded by Imperial Capital Bank in just 20 days, the acquisition financing paves the way for ET Corp.'s purchase of the JDS office building in Downtown San Diego.

By Erin Cassin | Updated on February 24, 2003

SAN DIEGO-ET Corp., the La Jolla-based investor, has secured an $11.1-million acquisition loan from Imperial Capital Bank. Funded in just 20 days, the financing paved the way for ET Corp.’s purchase of the JDS office building located at 625 Broadway in Downtown San Diego.

As reported earlier this month on GlobeSt.com, ET Corp. acquired the Downtown San Diego property from Dayton, OH-based Broadway JDS Inc. in a 1031 exchange transaction. The balance of the $20.5-million price tag was paid in cash. Both the buyer and the seller were represented by investment specialist Ben Tashakorian of the San Diego office of Marcus & Millichap Real Estate Investment Brokerage Co.

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