Fullerton, Calif. — Walker & Dunlop has arranged a $39.9 million loan for the refinancing of Orangefair Marketplace, a 244,000-square-foot retail center located in Fullerton. Riley Manke and Andrew Westling secured the financing through Morgan Stanley on behalf of the borrower, Columbus Pacific Properties.
Woodstock, Ga. —Joint venture partners CBL Properties and Horizon Group Properties have secured a $79.3 million loan for the refinancing of The Outlet Shoppes of Atlanta, a retail outlet property located in Woodstock. The 10-year, fixed-rate financing replaces two existing loans with a total balance of $69.5 million that were set to mature this November. The property features 103 retailers, including American Eagle Outfitters, Auntie Anne’s, Athleta, Banana Republic Factory Store, Champion, Forever 21 and GNC, among others.
West Haven, Conn. — Houlihan-Parnes Properties has arranged a $2.6 million loan for the refinancing of Savin Rock Plaza, a retail center located in West Haven. Tenants at the property include Family Dollar, Peoples Bank and Dunkin’ Donuts. Built in 1985, the center was 80 percent leased at the time of financing. Jeremiah Houlihan and James Coleman of Houlihan-Parnes secured the 10-year financing on behalf of the undisclosed borrower.
Aurora, Colo. — Essex Financial Group has arranged $13 million in financing for the acquisition of Summer Valley Shopping Center in Aurora. Blaire Butler and Matt Perigard of Essex’s Capital Markets team secured the 10-year, fixed-rate loan on behalf of the undisclosed buyer. Summer Valley Shopping Center was 99 percent leased to 18 retailers at the time of financing. Tenants at the property include VASA Fitness and Dollar Tree.
San Jose, Calif. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $3.8 million loan for the refinancing of Tully Commercial Center, a property featuring 15 freestanding retail spaces in San Jose. Current tenants include Little Caesars, Hawaiian BBQ, a hair and nail salon, and a dry cleaner. David Campbell of Marcus & Millichap secured the financing, which features a seven-year term and 25-year amortization.
East Farmingdale, N.Y. — G.S. Wilcox has arranged a $10.6 million loan for the refinancing of a 34,877-square-foot retail property located in the Long Island community of East Farmingdale. The property consists of four buildings on a 6.9-acre site. David Fryer of G.S. Wilcox arranged the loan, which carried a 15-year term and a 30-year amortization schedule. The borrower and direct lender were not disclosed.
Riverview, Fla. — CBRE has secured a $15.2 million loan for the refinancing of Shoppes of Southbay, a 99,542-square-foot retail center located in Riverview. Tenants at the property, which was fully leased at the time of financing, include Winn-Dixie, Tampa General Hospital, Buffalo Wild Wings, Panera Bread and Leslie’s Poolmart. Paul Ahmed and Mackenzie Lampman of CBRE arranged the loan through a life insurance company on behalf of the borrower, a partnership between Peter Wenzel of Wenzel Investment Group and Victor Ferraez. The partnership acquired the property, which was originally built …
Modesto, Calif. — PSRS has arranged $14.5 million in permanent debt for Central Valley Plaza, a retail center located in Modesto. Walmart and Kohl’s anchor the property. Michael Thorp of PSRS secured the 10-year loan through a life insurance company on behalf of the undisclosed borrower.
Kissimmee, Fla. — Concord Summit Capital has arranged a $42 million bridge loan for the financing of The Promenade at Sunset Walk—Margaritaville Resort, a retail center located in Kissimmee, roughly 22 miles outside Orlando. The 14-building property comprises 192,659 square feet and is situated within the 325-acre master-planned community of Sunset Walk. Kevin O’Grady and Justin Neelis of Concord Summit secured the financing through BridgeInvest on behalf of the borrower, Encore Capital Management. The property’s inline space was fully leased at the time of financing, with one vacant pad space available. …
Los Angeles — Unibail-Rodamco-Westfield (URW) has received $925 million in new financing for Westfield Century City, a 1.4 million-square-foot mall located in Los Angeles. The mall, which is fully owned by URW, was 95 percent occupied at the time of financing, which is in the form of a two-year, floating-rate commercial mortgage-backed security (CMBS).
