El Segundo Building Gets $55 Million in Financing

Los Angeles Business Journal (November 26, 2019) Brentwood-based GPI Cos. has closed on $55.3 million in financing for a 200,000-square-foot office building in El Segundo. The financing was provided by Global Atlantic Financial Group. “This permanent financing facility underscores our belief in the long-term potential of this property and in the opportunity to create value for our investors for years to come,” Lee Wagman, a managing partner of GPI, said in a statement. CBRE Group Inc. arranged the construction financing while law firm Allen Matkins represented GPI in the transaction. Read More (subscription required)