Hollywest Promenade Receives $27 Million in Financing

by Nate Hunter

West Hollywood, Calif. — The 120,173-square-foot Hollywest Promenade is 95 percent occupied.

West Hollywood, Calif. — Hollywest Promenade, a 120,173-square-foot retail center in West Hollywood, has received $27 million in financing. The promenade is located at the intersection of Hollywood Boulevard and Western Avenue just west of Highway 101. The center is 95 percent leased to tenants including Ross Dress for Less, Ralphs, Quizno’s Subs and Jamba Juice.

Brad Black and Jeff Sause of HFF arranged the 15-year, fixed-rate loan for ShooShani Developers LLC. It was placed with Aegon USA Realty Advisors LLC, the commercial real estate investment and management arm of the AEGON Asset Management companies. Shooshani was represented by managing member Tony Shooshani.

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