Lee & Associates-LA North/Ventura Transacts Office Lease for 25,956 SF

Anchor Loans to expand footprint in Westlake Village facility

 

WESTLAKE VILLAGE, CA – Mar. 10, 2020 – Anchor Loans, the nation’s premier fix-and-flip lender with lending operations in 46 states, has leased 25,956-square-feet of office space at One Westlake located at 1 Baxter Way in Westlake Village, CA, according to Lee & Associates-LA North/Ventura Principal Jared Smits and President/Principal Mike Tingus, who represented the tenant in the transaction.

“Anchor Loans has been experiencing rapid growth,” Smits said, “and needed to expand its footprint by about 30 percent. This move provides space for expansion in a prestige facility that offers a superior work environment for its employees, so it checked all the boxes.”

Anchor Loans, which will be relocating from Calabasas, has increased its Los Angles based employee count by an average of 15 percent per year over the past three years, and the company’s average annual growth rate over the last three years is just under 25 percent by revenue, according to Anchor’s CFO Bryan Thompson.

“Our company is really excited about the move,” Thompson said. “It’s great space in a premier building close to places to shop and eat, and Thousand Oaks is a growing, business-friendly community that will help position us for the future.”

One of the most prominent facilities in the Conejo Valley, One Westlake offers a lush, campus-like setting with an on-site café, outdoor and indoor common areas, a fitness center and ample parking ratios in proximity to the Ventura Freeway and the Westlake Promenade.

“The city welcomes Anchor Loans to the Thousand Oaks business community,” said Haider Alawami, Economic Development Manager for the City of Thousand Oaks which encompasses a portion of Westlake Village. “The company and its many employees will be a great addition to the thriving businesses operating here and will further enhance our city’s economic vitality.”

Anchor Loans has provided more than $1 billion in real estate financing annually since 2016 and has funded more than $7.7 billion in loans since its founding.

Matt Heyn at CBRE represented the landlord, One Baxter Way, LP.