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12/01/16
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ValCenters has obtained $37 mil in financing for North County Square, a 174.3k sf, grocery-anchored shopping center in the San Diego-area city of Vista.
The 10-year, fixed-rate financing with was arranged by Greg Brown and AJ Manas with HFF and funded through JP Morgan Asset Management (JPMAM). Additionally, Mark Strauss of Cohen Financial was an advisor to the sponsor.
North County Square is situated on 65 acres at 1711-1861 University Dr, directly off Hwy 78 at the intersection of Sycamore Ave and University Dr, along Vista’s primary retail corridor. The 97%-leased North County Square is anchored by ALDI and home to national retailers, including Ross Dress for Less, Old Navy, Planet Fitness, Starbucks, Michaels, T-Mobile, Firestone and Supercuts. Additionally, the center is shadow anchored by Walmart, Target, Babies R Us, PetSmart and Living Spaces.
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