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2/17/23
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Ledo Capital Group has secured a refi loan of $13.4 mil on The District Moreno Valley, a new, 52.1k sf, Sprouts-anchored retail center located in Moreno Valley. Completed in 2022, The District Moreno Valley is anchored by Sprouts. Additional tenants include KFC, The Joint Chiropractic, WSS and Starbucks.
Located at the intersection of the 60 Fwy and Heacock St, The District Moreno Valley offers unparalleled retail visibility of over 58 million vehicles on an annual basis. Moreno Valley is the second largest city in the Inland Empire based on land area and has an abundance of land for future residential development, allowing it to maintain its status as one of the fastest growing cities in the state for the foreseeable future.
Matt Stewart, Chris Jaffe and Daniel Skerrett with JLL Capital Markets arranged the financing. The loan was funded through Manufacturers Bank.
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