Anderson Family Properties Lands $550M Refi for Century City Office Campus

Wells Fargo led the financing with J.P. Morgan Chase.

The campus is 95.5 percent leased following a $205 million renovation completed in 2025.

Ares Management is the largest tenant, occupying more than 206,000 square feet through 2036. Other tenants include law firms Jeffer Mangels & Mitchell; Milbank; Irell & Manella and BakerHostetler.

Vacancy among Class A office buildings in Century City was 13.6 percent in the second quarter, compared with 25.4 percent across comparable L.A. properties. Asking rents at top Century City buildings approached $94 per square foot, with some trophy properties above $100.

Would your lender let you pull that much out of your best asset? If not, what does that say about your market?