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FinanceIdahoNews

Wood Investments Cos. Secures $39.1 Million Refinancing for Two Shopping Centers in Metro Boise

by Hayden Spiess

Meridian, Idaho — Wood Investments Cos. has secured refinancing totaling $39.1 million for two shopping centers located in Meridian, roughly 11 miles outside Boise. The first shopping center, Gateway Marketplace, is leased to tenants including a 42,212-square-foot PGA Tour Superstore, Trader Joe’s, Mecca Gym, Land Ocean, Chili’s, Le Peep, Mathnasium and Orange Theory Fitness. Wood acquired the property in 2021. Tim Winton of Keystone Mortgage Corp. arranged a $16.5 million permanent loan through Voya Investment Management for the 135,732-square-foot property.  The second shopping center, CentrePoint Marketplace, totals 197,288 square feet and …

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Wynnehaven-Plaza_Navarre-Fla
FinanceFloridaGrocery-anchoredNews

CBRE Arranges $12.9 Million Refinancing for Wynnehaven Plaza in Navarre, Florida

by Hayden Spiess

Navarre, Fla. — CBRE has arranged a $12.9 million loan for the refinancing of Wynnehaven Plaza, a 64,995-square-foot shopping center located in Navarre. A 48,387-square-foot Publix grocery store anchors the center, which was completed earlier this year. Seven other tenants occupy the fully leased property, including a coffee shop, primary care clinic, ice cream parlor and a nail salon. Richard Henry, Mike Ryan, Brian Linnihan and Taylor Crowder of CBRE secured the financing on behalf of the borrower, Atlanta-based Branch Properties, through 40|86 Mortgage Capital.

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Esporta-Fitness_Oxnard-Calif
CaliforniaFinanceInvestment salesNews

Marcus & Millichap Arranges $7.5 Million Acquisition Financing for Single-Tenant Property in Oxnard, California

by Hayden Spiess

Oxnard, Calif. — Marcus & Millichap Capital Corp. has arranged a $7.5 million loan for the acquisition of a 37,500-square-foot single-tenant retail property located in Oxnard. Esporta Fitness occupies the building, which was constructed in 1970 and renovated in 2017. Ron Balys secured the financing on behalf of the buyer. 

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One-Paseo_San-Diego
CaliforniaDevelopmentFinanceMixed-useNews

Kilroy Realty Obtains $375 Million Loan for One Paseo Mixed-Use Campus in San Diego

by Hayden Spiess

San Diego — Kilroy Realty Corp. (NYSE: KRC), an office, mixed-use and life sciences REIT based in Los Angeles, has obtained a $375 million loan for a portion of One Paseo, a mixed-use campus in San Diego. New York Life Insurance Co. provided the 11-year, non-recourse loan, which features a fixed 5.9 percent interest rate. The loan matures in August 2034. The 36-acre property is situated between the city’s Carmel Valley neighborhood and Del Mar, as well as near I-5 and State Route 56. One Paseo is home to tenants including …

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FinanceInvestment salesMassachusettsNew YorkNews

Fantini & Gorga Secures $10 Million Acquisition Financing for Walgreens Portfolio

by Hayden Spiess

Needham, Mass. — Fantini & Gorga has secured $10 million in acquisition financing for a portfolio of four retail properties occupied by Walgreens. Three of the properties are located in Massachusetts, and the fourth is in New York. Casimir Groblewski and Colin Monahan of Fantini & Gorga arranged the debt through multiple banks on behalf of the borrower, Union Station LP, which acquired the portfolio in a 1031 exchange.

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Village-Center_Fountain-Valley-Calif
CaliforniaFinanceGrocery-anchoredNews

Gantry Secures $17 Million Refinancing for Retail Center in Fountain Valley, California

by Hayden Spiess

Fountain Valley, Calif. — Gantry has secured a $17 million permanent loan for the refinancing of Village Center, a 93,000-square-foot retail center located in Fountain Valley. Sprouts Farmers Market, Rite Aid and Dollar Tree anchor the property. Braden Turnbull, George Mitsanas and Austin Ridge of Gantry arranged the five-year, fixed-rate financing on behalf of the borrower, Paragon Commercial Group. 

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Red-Lobster_Fremont-Calif
CaliforniaFinanceInvestment salesNewsRestaurants

Marcus & Millichap Secures $4.6 Million Acquisition Financing for Single-Tenant Property in Fremont, California

by Hayden Spiess

Fremont, Calif. — Marcus & Millichap Capital Corp. has secured a $4.6 million loan for the acquisition of a single-tenant retail property located in Fremont. Ron Balys of Marcus & Millichap arranged the 10-year financing on behalf of the undisclosed borrower. Red Lobster occupies the property.

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FinanceGrocery-anchoredInvestment salesNew JerseyNews

Cronheim Mortgage Arranges $13.1 Million Acquisition Financing for Two Retail Centers in New Jersey

by Hayden Spiess

Elizabeth and Roselle, N.J. — Cronheim Mortgage has arranged a $13.1 million loan for the acquisition of two retail centers located in New Jersey. The first property, Color Plaza, comprises 49,309 square feet in Elizabeth. Tenants at the center, which was fully leased at the time of the transaction, include Seabras and CVS/pharmacy.  Developed in 2004, the second property is Roselle Commons in Roselle. The center was fully leased at the time of the transaction to tenants including Pep Boys, Green Grocer, Quest Diagnostics, GNC and T-Mobile.  Andrew Stewart, Dev Moris …

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DevelopmentFinanceGrocery-anchoredNew YorkNews

Eastern Union Secures $62.3 Million Construction Financing for Mixed-Use Development in New York City

by Hayden Spiess

New York City — Eastern Union has secured a $62.3 million loan for the construction of a mixed-use development in the Brooklyn borough of New York City. Upon completion, the property will total 105,000 square feet, including a 33,000-square-foot Lidl. The project will also feature an additional 12,000 square feet of retail space, 57 residential units, 12,000 square feet of office space and a 9,000-square-foot community facility. Abraham Bergman and Yossi Orzel of Eastern Union arranged the two-year, floating-rate financing through Invictus Real Estate Partners, Maxim Capital Group and Beach Point …

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