Ontario Gateway Center Receives $25.2 Million in Financing

Ontario, Calif. — The center is 100 percent leased.

Ontario, Calif. — Ontario Gateway Center, a 220,930-square-foot power center in Ontario, has received $25.2 million in financing. The 10-building property is fully occupied. Anchors include Toys “R” Us and Babies “R” Us. Ross is scheduled to open at the center in late 2013. The loan features a 10-year term and a 3.75 percent fixed interest rate. Paul Brindley and Steven Paskhover of HFF arranged financing on behalf of an affiliate of Zelman Development Co. and Grayburn Properties through Deutsche Bank.

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