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1/30/26
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A Haagen Company LLC affiliate has secured a $42.2 mil refi loan on Redondo Shores Shopping Center, a 107k sf retail center in the Coastal SoCal city of Redondo Beach. Located at 401-417 N. Pacific Coast Hwy, the recently renovated, grocery-anchored center serves a vibrant coastal community at a high barrier to entry location.
Major anchors at the center include Whole Foods, Michaels, Centinela Feed & Pet Supplies, in addition to a range of restaurant, health, beauty, bank and professional service tenants. The recently completed $6 mil center-wide repositioning embraces a modern, ocean influence, and included a complete overhaul of the facade, colors, and signage, as well as upgraded landscaping.
Gantry’s Braden Turnbull and Claire Jones represented the borrower, Haagen Redondo LLC, in the transaction. The 10-year, fixed rate, non-recourse loan was funded through an insurance company lender. Gantry will service the loan for the lender.
According to Gantry’s Braden Turnbull, “After a strategic renovation on a legacy hold asset, Redondo Shore’s long-time sponsor was ready to recapitalize the center in a strategic fashion. Improvement to the post-volatility rate climate and the substantial amortization of the existing debt Gantry placed nearly a decade ago allowed us to align a favorable long-term structure with an attractive fixed rate and substantial proceeds.
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