News release
JLL Capital Markets led the financing efforts for the 114,209 SF medical office in Irvine, California
ORANGE COUNTY, Calif. Dec. 16, 2025 – JLL Capital Markets announced today that it has arranged a refinancing for Pacifica Medical Plaza, a 114,209-square-foot medical building in Irvine, California.
JLL worked on behalf of the borrower, a newly formed joint venture between Harrison Street Asset Management and Archer Property Partners, to secure the senior financing through Thorofare Capital.
Pacifica Medical Plaza is a four-story, Class A building that was fully renovated in 2022 from a traditional office building to 100% medical office use. The property is currently 64% leased to tenants, including Children’s Hospital of Orange County, Orthopaedic Specialty Institute, Coastal Kids Pediatric Care, and Hoag, one of the largest acute care hospitals in Orange County. As part of the renovation, a new 575-space parking garage was constructed on site and the building features private balconies, open floor plates and new common areas on floors two through four.
The property is located at the corner of Irvine Center Dr. and the Laguna Freeway. It sits within the Irvine Entertainment Triangle with visibility from State Route 133 and convenient access to the 405 and 5 Freeways. Healthcare is Orange County’s largest industry sector, employing nearly 200,000 people and it is projected to expand by another 20% in the next decade, benefiting properties like Pacifica Medical Plaza.
JLL’s Capital Markets Debt Advisory team representing the seller was led by Senior Managing Director John Chun and Associate Kyle White.
“Pacifica Medical Plaza is a great example of a successful repositioning of a former office property to medical use, driven in large part by the booming healthcare industry in Southern California and demand for healthcare services,” said Chun.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
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About Harrison Street Asset Management
Harrison Street Asset Management is a leading global alternative investment management firm with over $108 billion in assets under management through highly differentiated assets across infrastructure, real estate and credit strategies. Headquartered in Chicago, Toronto and London with approximately 600 employees in offices across North America, Europe, Asia and the Middle East, the firm offers innovative solutions across a variety of closed-end, open-end and specialized vehicles on behalf of 1,200 institutional and over 300 Registered Investment Advisors. For more information, visit www.hsam.com.1
1 HSAM data and descriptions of HSAM’s business are generally comprised of the aggregated data and business activities of investment advisors that are owned in whole or in part by HSAM. Assets under management (“AUM”) reflects the AUM for the investment advisory and asset management clients of such investment advisors and is inclusive of the regulatory AUM of such investment advisors that is reported in their respective Form ADVs.
About Archer Property Partners
Archer Property Partners offers specialized knowledge and turn-key medical real estate investments. Its dedicated team guides clients through the process, providing in-depth market analysis, property selection, and ongoing management solutions. To learn more, please visit: www.archerpropertypartners.com.
About Thorofare Capital
Thorofare Capital is a national, vertically integrated commercial real estate debt manager. The Los Angeles-based firm, with additional offices in Newport Beach, Miami, Dallas, and Chapel Hill, focuses on originating, underwriting and asset managing $15 million to $100 million loans secured by various property types.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
Contact: Kristen Murphy, JLL Director, Public Relations
Phone: +1 617 543 4873
Email: kristen.murphy@jll.com
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