property type: Office

The property is fully leased to biotech company Celularity Inc. under a 15-year agreement.

United Bank of Charleston, W. Va., provided an $8 million loan to the buyer.

The two-story property, which was built in 2001, is 89 percent leased and includes 171 parking spaces.

Meridian 589 is 80 percent leased to tenants that include Empath Wealth, Women's Care Enterprises and DDS. Cushman & Wakefield arranged $30.1 million of acquisition financing on behalf of the buyer.

The property, at 6303-6309 Carpinteria Ave., is encumbered by a $28.9 million loan that was securitized through Morgan Stanley Bank of America Merrill Lynch Mortgage Trust, 2017-C34. The loan is locked out from prepayment until three months before its September ...

JLL Capital Markets secured $59.3 million of acquisition financing for the venture from Mesa West Capital LLC. The Los Angeles lender funded the loan through its Mesa West Core Lending Fund, an open-end vehicle that funds loans with terms of ...