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Los Angeles — JLL Capital Markets has arranged a $21.5 million loan to refinance Juanita Tate Marketplace, a 77,096-square-foot retail center located in Los Angeles. Northgate Market anchors the fully leased center. Additional tenants at the property include CVS Pharmacy, Panda Express, Starbucks Coffee and Chase Bank.
Alex Olson and Daniel Skerrett of JLL’s Debt Advisory team represented the borrower, Optimus Properties LLC, in arranging the five-year loan through institutional investors advised by J.P. Morgan Asset Management.