HFF secures $7.4 million financing for office and warehouse facility in Culver City, California

The Los Angeles office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it secured $7.4 million in financing for 3975 Landmark Street, a 37,000-square-foot office and warehouse facility in Culver City, California.

HFF associate director John Crump worked on behalf of Surfas to arrange the 80% loan-to-cost, five-year, 6.0% fixed-rate loan with Wachovia Bank N.A. Loan proceeds were used to acquire the property. Vice president Lisa Mazzola, a senior relationship manager of business banking, and vice president Phil Soh, both in Wachovia’s Century City office worked on the loan process.

3975 Landmark Street is close to the Helms Bakery Building, Culver Studios, Sony Pictures Studios and the Interstate 10 and 405 freeways in a redevelopment area of Culver City. The property is occupied by the Surfas Group, a development company owned by the Les Surfas family. Surfas Group relocated its office, project design department, product packaging, kitchen commissary and warehouse to this site after its prior facility was taken by Culver City through eminent domain for redevelopment related to the Exposition Metro line, which is due for completion in 2010. The Landmark Street site will support the Surfas Group’s in process out-of-state development as well as its Chef Paradise retail location three blocks away.

HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing.