“The sponsor has done an excellent job executing their business plan on this asset, and this loan helps get them through a critical stage in the process. Collectively, we were able to navigate the market to get over some hurdles, and obtain advantageous loan terms,” said MacKenzie, co-head of the West Coast for HFF.

Hines is a privately-owned global real estate investment firm founded in 1957 with a presence in 192 cities in 20 countries. Hines has $93.2 billion of assets under management, including $47.9 billion for which Hines provides fiduciary investment management services, and $45.3 billion for which Hines provides third-party property-level services.

Oaktree is a leader among global investment managers specializing in alternative investments, with $98 billion in assets under management as of June 30, 2016. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, Oaktree has more than 900 employees and offices in 18 cities worldwide.

FULLERTON, CA—Holliday Fenoglio Fowler (HFF) says it has arranged $33 million in financing for the Raytheon Office Campus, a three-building, 405,130-square-foot office property in Fullerton.

Raytheon Company

HFF worked on behalf of the borrowing partners, Hines and funds managed by Oaktree Capital Management, to secure the five-year, floating-rate loan through a national bank.

The Raytheon Office Campus consists of two office buildings and one utility plant situated on 33 acres at 1801 and 1901 Hughes Drive in Fullerton. The site is surrounded by upscale residential communities and shopping centers and has easy access to Interstate 5 and Highway 91. The headquarter-style campus is fully leased to Raytheon Company and serves their six main business segments including Thales Raytheon Systems Joint Venture, Raytheon Highway Transportation Management Systems and Aeronautical Software Production.

The HFF debt placement team representing the borrower was led by senior managing director Kevin MacKenzie and associate Jamie Kline.

“The sponsor has done an excellent job executing their business plan on this asset, and this loan helps get them through a critical stage in the process. Collectively, we were able to navigate the market to get over some hurdles, and obtain advantageous loan terms,” said MacKenzie, co-head of the West Coast for HFF.

Hines is a privately-owned global real estate investment firm founded in 1957 with a presence in 192 cities in 20 countries. Hines has $93.2 billion of assets under management, including $47.9 billion for which Hines provides fiduciary investment management services, and $45.3 billion for which Hines provides third-party property-level services.

Oaktree is a leader among global investment managers specializing in alternative investments, with $98 billion in assets under management as of June 30, 2016. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, Oaktree has more than 900 employees and offices in 18 cities worldwide.