JLL Arranges $245 Million Refinancing for Six-Property Portfolio in California

Irvine, Calif. — JLL Capital Markets has secured $245 million in refinancing for a portfolio of six commercial real estate properties across California. The portfolio includes three retail centers in coastal Orange County. Anchored by CVS/pharmacy, Aliso Creek Shopping Center comprises 49,149 square feet in Laguna Beach and is 92 percent leased. Flower Hill Promenade is a 168,249-square-foot retail center located in Del Mar. Anchored by Whole Foods Market, the center is 95.6 percent occupied. The final retail property, The Landing, is located in Newport Beach. Comprising 44,289 square feet, the property is fully leased and anchored by Pavilions. John Chun, John Marshall, Jordan Leake and Spencer Seibring of JLL arranged the financing with four lenders on behalf of the borrower, Boardwalk Investments Group. The portfolio also features a Napa Valley hotel property, a multifamily community located in San Diego and a single-tenant showroom and restaurant space in Yountville.