Lease Up (Nov. 10) $100 Mil Construction Loan Secured for Netflix World HQs

Also Major Corporate Moves from: Dexcom, Ergobaby, HealthSmart, Knewton, Komatsu, L-3 Comm, Molina Healthcare, RingCentral, ThinkFactory and more

The state-of-the-art development will consist of 485,000 square feet of Class A office space in three-and four-story office buildings in a campus environment on 21 acres. The first phase-which is already under construction to be delivered in May 2015-will consist of 242,000 square feet in two office buildings preleased to Netflix Inc.

The interest rate was a variable, LIBOR-based rate. The financing was provided by a syndicate of lenders led by SunTrust Robinson Humphrey with SunTrust Bank as Administrative Agent.

John Nelson of CBRE's San Francisco office arranged the financing on behalf of the borrower/developer, a joint venture between Sand Hill Property Co. and The Carlyle Group.

Komatsu will occupy a contiguous block from floors one to five at Tower I, a 280,448-square-foot, 12-story building positioned along the Northwest Tollway at 1701 Golf Rd. in Chicago's Schaumburg Area.

Michael Hull of MB Real Estate brokered the transaction on behalf of Komatsu, while David Trumpy of GlenStar Properties represented ownership in-house.

St. Joseph Heritage Healthcare completed a 191,556-square-foot long-term lease for the entire eight story Class A office building at 200 Center St. in Anaheim, Calif.

The deal is the largest office lease signed in Orange County in 2014. St. Joseph Heritage Healthcare will occupy the building for its administration services with move-in planned for Summer 2015.

The lease was signed with PRES Cos., a full-service owner and operator of office, retail, industrial, and hotel properties. The lease comes 10 months after PRES acquired the building. Since its acquisition, PRES has repositioned the property, which includes improvements to the lobby and common areas.

JLL Orange County senior vice presidents George Thomson and James Estrada represented PRES in this lease.

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Lease Up (Nov. 10) $100 Mil Construction Loan Secured for Netflix World HQs