Anderson Real Estate has refinanced Anderson Towers, its two-building office campus in Century City, with a new $550 million loan. The family-owned real estate development and management company completed the refinancing on the largely stabilized property, which is reported to be 98.1% leased. Anderson Towers is located at 1800 and 1900 Ave. of the Stars, anchoring a prominent position within the Century City business district of Los Angeles.
The refinancing marks a key milestone in Anderson Real Estate’s multi-year effort to reposition the Anderson Towers campus. According to the company, the strategy has included more than $300 million in capital improvements to the two-building complex. Those investments have been aimed at upgrading the office environment and enhancing the overall campus offering for existing and prospective tenants.
Executive chairman Matt Lavin said the company has committed significant capital to Anderson Towers based on its conviction in the long-term strength of Century City and in the continued appeal of high-quality office space in Los Angeles. He noted that the leasing performance across the campus, which is now more than 98% occupied, has reinforced that view and supported the decision to pursue a major refinancing.
On the lending side, Wells Fargo served as the primary lender and loan servicer for the transaction, while JPMorgan Chase participated as the secondary lender. The structure underscores the role of large national banks in providing debt capital to institutional-scale, well-leased office assets in core submarkets such as Century City.
Eastdil Secured Savills arranged the financing on behalf of Anderson Real Estate, acting as the intermediary between the borrower and the lending group. Legal counsel on the transaction included Allen Matkins, which represented Anderson Real Estate, and Hogan Lovells Cadwalader, which represented the lenders. The parties did not disclose loan terms such as maturity, interest rate, or use of proceeds beyond the refinancing of the existing debt.
The combination of significant recent capital investment, high occupancy, and access to large-bank financing positions Anderson Towers as a notable example of office assets that continue to attract institutional debt capital in Century City. The transaction also highlights the importance of leasing momentum and property upgrades in supporting sizable refinancings in today’s office capital markets.
