LOS ANGELES—A joint venture between AlcionVentures and Genton Property Group hassecured a $40.1 million bridge and construction loan to completethe redevelopment of bLAckwelder, a 150,627-square-footcreative office campus. The funds will be used tocomplete redevelopment of six remaining buildings on the19-building campus.

Located at La Cienega Boulevard and Fairfax Avenue, the propertywas originally an industrial facility. The jointventure has already completed the renovation of 13 buildings tocreative office space. In addition to redevelopment, the funds willalso be used to demolish and rebuild one of the six remainingbuildings. The completed buildings are 100% leased to multipletenants.

HFF, a commercial real estate capital marketsservices firm, secured the funds on behalf of the joint venture.The firm secured a three-year, floating rate loan to cover theredevelopment costs. HFF managing director MarkWintner and senior managing director DougBond led the financing efforts, securing the loan throughUS Bank. HFF and the borrower did not respond torequests for a comment.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.