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5/08/25
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Optimus Properties LLC has secured $21.5 mil in financing on Juanita Tate Marketplace, a 77k sf, grocery-anchored retail center located in Los Angeles. The property is located at the corner of E Slauson Ave and E Central Ave.
Juanita Tate Marketplace is a high-performing retail center anchored by Northgate Market, which occupies 55% of the gross leasable area. The property is 100% leased to a diverse mix of tenants, including CVS, Panda Express, Starbucks and Chase Bank. Built in 2014, the center has maintained an average occupancy above 95% since its opening.
Juanita Tate Marketplace benefits from high visibility and strong traffic flow, with 22,600 and 26,700 vehicles per day respectively. The property is located within a densely populated area, with 1.2 million people residing within a five-mile radius.
Alex Olson and Daniel Skerrett with JLL Capital Markets arranged the five-year loan for the borrower. It was funded through institutional investors advised by J.P. Morgan Asset Management.
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