Rolling Hills Plaza Receives $52 Million Loan

by Nate Hunter

Torrance, Calif. — The approximately 408,000-square-foot project contains 19 buildings.

Torrance, Calif.  — Cohen Financial has secured $52 million to refinance Rolling Hills Plaza, a lifestyle center in Torrance that includes 350,000 square feet of retail and 58,000 square feet of office space. The 19-building power center is more than 92 percent leased. Trader Joe’s, Bed Bath & Beyond, Rite Aid, BevMo, 24 Hour Fitness and a 20-screen AMC Theater anchor Rolling Hills Plaza.

Bristol Group Inc., a San Francisco-based investment and development firm, owns the project in partnership with La Caze Development Co., which is based in Torrance. La Caze Development also manages the property.

Don Trossman with Cohen Financial’s Chicago office, along with Ryan Porter of the firm’s Irvine, Calif., office, arranged the 10-year, fixed-rate loan with a 30-year amortization schedule through a life insurance company correspondent.

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