HFF secures $339M financing for Five Point campus

|By:, SA News Editor

HFF (HF -1%) has secured $339M in financing for the Five Point Gateway campus in Irvine, Calif.

A five-year floating-rate loan was provided through Starwood Property Trust.

The project, nearing the end of construction, is a four-building office/R&D campus comprising more than 1M square feet of space.

Broadcom is developing the project in a sale-leaseback, and will lease back about 64% of the portfolio on a triple-net basis. Other tenants include Five Point Holdings and Lennar.

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