Property owner Brookwood Financial Partners LLC has obtained $18.3 million in refinancing for its Four Points Business Park in Kearny Mesa, according to Mesa West Capital LLC, which provided the financing.
The multi-tenant, three-building office campus was built in 1987 and is located at 5575, 5625 and 5675 Ruffin Road, spanning 124,712 square feet. A statement from Los Angeles-based Mesa West said Brookwood obtained a five-year, floating-rate loan, which will allow it to lease the last remaining vacant space at the recently renovated property.
Mesa West’s Steve Fried and Seth Hall originated the financing, which was arranged by Mark McGovern and Scott Peterson of CBRE Group Inc.
Massachusetts-based Brookwood purchased the property for $21.2 million in 2013 and subsequently invested approximately $3.5 million for capital improvements and related leasing costs.