Natixis Corporate & Investment Banking provided a $126,700,000 acquisition loan secured by 555 Aviation, a 259,754 square foot class-A creative office building located in El Segundo, CA. The Property was purchased by a subsidiary of FS Credit Real Estate Income Trust, Inc. which is advised by a subsidiary of FS Investments, and sub-advised by Rialto Capital Management, LLC.
555 Aviation is 100% leased to three tenants, Fabletics, Saatchi & Saatchi and Belkin, all on long term leases. The Property features floor-to-ceiling glass and high ceilings, open-air breezeways, a fitness center, outdoor lounge areas, bike storage and ample parking. The Property is proximate to an array of affluent residential neighborhoods including Manhattan Beach, Redondo Beach, Hermosa Beach and Palos Verdes communities.
Rialto Capital Management, LLC is an integrated investment management and asset management platform with a dedicated special servicer. FS Investments an asset manager which was founded in 2007 as Franklin Square Capital Partners and is currently headquartered in Philadelphia, PA with offices in Orlando, FL, New York, NY and Leawood, KS. The financing was arranged by Robert Rubano and Brian Share at Cushman & Wakefield.