Content area
Full Text
The wait is over for Donald M. Koll's next big move after leaving Koll Development Co. last year.
His Newport Beach-based The Koll Company has refinanced $100 million of its 68-building portfolio near John Wayne Airport. Koll plans to use the proceeds to buy property in Southern California.
"The financing is an integral step in expanding the presence of The Koll Company," Koll said in a statement. "It signals our commitment to once again become a major player in the acquisition and development of this type of property in these markets."
New York-based Teachers Insurance and Annuity Association-College Retirement Equities Fund provided the financing for the Koll deal.
The refinanced portfolio, called the airport industrial complex by Koll Co., is a 75-acre area bounded by MacArthur Boulevard, Main...