GI Partners has secured a $389.25 million loan to refinance One Wilshire, a 661,553-square-foot data center in Downtown Los Angeles. The multi-tenant property is a teir-3+ data center and office space that is considered to be the most important point of connectivity between the US and the Pacific Rim. GI will use the loan proceeds to pay off the current debt on the asset and to repatriate a portion of the equity.

Executive managing director Kevin MacKenzie, managing director Brian Torp, director Jake Wagner and associate Samuel Godfrey with JLL's Capital Markets group and managing director Darren Eades from JLL's brokerage team worked to secure the capital on behalf of the borrower. Goldman Sachs funded the non-recourse loan, which has a 10-year term and a fixed interest rate.

Located at 624 S. Grand Ave., One Wilshire is equipped with a vast in-ground fiber optic network and five separate utility power risers and 13 on-site generators with fuel storage for 24 hours of operation. It also features priority refueling status, along with separate and redundant data risers, exceptional antenna line of sight to much of the Los Angeles basin, a multi-tower antenna array and fiber connectivity to the rooftop. As a result, it is one of the largest Internet exchanges in the world and the most interconnected terrestrial facility in the Western US, according to JLL.