Dealmaker: CBRE Arranges $91M for San Diego Office Portfolio

CBRE, Dallas, arranged $91 million to refinance The Brookwood North San Diego Portfolio.

Brookwood North.

Global alternative investor Värde Partners, Minneapolis, provided the four-year floating-rate loan to Brookwood Financial Partners LLC, Beverly, Mass. CBRE Capital Markets Senior Vice President Amy Julian, Vice Chairman Christian Lee and Executive Vice President José Lobón represented Brookwood in the debt placement.

The portfolio includes seven office properties on three campuses in north San Diego County, Calif. that total 485,000 square feet. Brookwood acquired the assets in 2015 and has invested more than $10 million in capital improvements since then.

Julian said the campus settings and access to freeways and executive housing contributed to strong leasing momentum across the portfolio.