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FinanceFloridaNews

Concord Summit Arranges $42 Million Financing for Retail Center in Florida

by Hayden Spiess

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. …

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CaliforniaFinanceNews

URW Receives $925 Million Financing for Westfield Century City in Los Angeles

by Hayden Spiess

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). 

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Gateway Marketplace
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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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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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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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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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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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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