Ontario Gateway Center Receives $25.2 Million in Financing

by Nate Hunter

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.

You may also like