(Read more on the debt and equitymarkets.)
ANAHEIM, CA-Carl Karcher Enterprises Inc. will develop a new90,000-sf headquarters office building on its campus here with a$31 million construction loan, according to Holliday FenoglioFowler. Karcher, the operator of the Carl's Jr. burger chain and asubsidiary of CKE Restaurants Inc., plans the new building toreplace an existing office and distribution facility.
Due for completion in 2008, the three-story office building is100% preleased to Carl Karcher Enterprises Inc. and will bedeveloped on a 17.5-acre site, according to HFF director AustinRosen. Rosen and senior managing director Don Curtis arranged thefinancing on behalf of the property owner, Karcher Partners LP,which is a partnership consisting of members of the Carl Karcherfamily.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
