The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
November 28, 2023
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



FINANCING NEWS
Printer-friendly Version   Email an Associate
Riverside Shopping Center Lands $37 Mil in Financing

6/15/23

Regional Properties has obtained $37 mil in financing for Mission Grove Plaza, a 248.1k sf shopping center in Riverside. The property is located at 121 383 East Alessandro Blvd, east of I-215 at Trautwein Rd.

The 16-building shopping center is anchored by Stater Bros. Markets, which leases 45.7k sf (18% of the net rentable area). The center has 45 other tenants, including Galaxy Theaters, Bank of America, UPS, IHOP and Romano's Chicago Pizzeria.

Originally developed by Regional Properties in 1986, the center has undergone renovations throughout its four decades of operation, most recently in 2000. The property is on 32.36 acres on the southeast corner of Alessandro Blvd and Trautwein Rd.

Shaun Moothart, Bruce Francis, Doug Birrell and Bob Ybarra with CBRE Capital Markets' Debt and Structured Finance team secured the fixed-rate, five-year term, full-term interest-only loan.

According to CBRE research, Riverside has Inland Empire's lowest vacancy among shopping centers. This is evident by the Mission Grove Plaza's strong occupancy, and it will be boosted by EOS Fitness occupying a 32k sf space in Q1 2024 after its buildout is complete.





Return to the Archive page


 
 
 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2023 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media