JLL Capital Markets Arranges $11.7 Million Loan for Retail Center in Metro San Diego

Kearny Mesa, Calif. — JLL Capital Markets has arranged an $11.7 million refinancing for The Convoy, a 51,623-square-foot neighborhood strip retail center in Kearny Mesa, about 9 miles north of San Diego. Chris Collins and Daniel Pinkus of JLL secured the seven-year, fixed-rate loan through a regional credit union on behalf of the borrower, CEG Capital Partners. Proceeds will be used to refinance the existing bridge loan used to acquire the property in 2017. Originally constructed in 1973, the single-story property is fully leased to tenants including Bank of Hope, Hive, Convoy Strength, Ichibanya and Axe Thro, Manna Heaven BBQ, Synergy Dental Group and Da Nang Corner.