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Hudson Pacific assumed a $13.2 million loan on the property.
95 percent leased. Lionstone in 2010 lined up $85 million of mortgage debt against the property.
The property was sold in an all-cash transaction. It had been encumbered by $66 million of debt, $30 million of which was securitized through Citigroup Commercial Mortgage Trust, 2007-FL3. It matured last February.
The property backs $30 million of debt that is securitized through Morgan Stanley Capital I Inc., 2006-XLF.
Madison arranged $17.5 million of financing for Passman
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