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12/08/14
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Agora Realty & Management Inc has obtained $23.5 mil in financing for Mason Devonshire Plaza, a 78.8k sf retail center anchored by Trader Joe’s in Chatsworth.
The 10-year, fixed-rate loan was arranged by HFF and secured through Ladder Capital Finance. HFF is also servicing the loan, which was used to buy out the borrower’s institutional equity partner. HFF’s Kevin MacKenzie, Brad Black and Benjamin Gallant arranged the deal.
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Mason Devonshire Plaza is located at 10330 Mason Ave, approximately 1.3 miles from the Ronald Reagan Freeway in Chatsworth, a neighborhood in the San Fernando Valley north west of Los Angeles. The fully leased center was most recently renovated in 2004 and, in addition to Trader Joe’s, other tenants include Smart & Final and Kahoots.
Founded in 1986, Agora Realty & Management is a full-service real estate development firm headquartered in Sherman Oaks. Agora currently owns and is developing property in California, Nevada and Hawaii.
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