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Maguire Gains $105M Office-Campus Loan

PLAYA VISTA, CA-The investment firm will use the funds for tenant improvements and leasing commissions for new leases on available space.

By Carrie Rossenfeld | Updated on March 22, 2013

PLAYA VISTA, CA-Water’s Edge, a 6.5-acre, amenity-rich, creative-office campus here, is about to receive a series of upgrades thanks to a $105-million loan to Maguire Investments to recapitalize the property. The funds, which were arranged for Maguire by Rob Verrone of Iron Hound Management, will be used for tenant improvements and leasing commissions for new leases on available space.

In addition, the firm has retained Jones Lang LaSalle to handle leasing at the property. JLL Los Angeles team members Chris Strickfaden, Anthony Gatti, Brian Niehaus and Jaclyn Ward will lead the leasing efforts.

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