|
|
|
|
9/17/25
|
Park West Place, Stockton |
 |
|
CBRE -- Richard Henry, Mike Ryan, Brian Linnihan, and Shaun Moothart with CBRE’s Debt & Structured Finance Team arranged a $50 mil refi loan on Park West Place, a 554.4k sf, retail power center located in Stockton, CA. The loan was arranged on behalf of Raider Hill Advisors and Farallon Capital Management LLC, with financing provided by a national bank. Built in 2008 and situated on approximately 58.6 acres, Park West Place is 96.4% leased to 46 tenants, including national anchors Lowe’s, Kohl’s, Sportsman’s Warehouse, Ross Dress for Less, and TJ Maxx, with over 40% of the net rentable area leased to investment-grade tenants. Strategically positioned along Interstate 5, Park West Place benefits from exceptional visibility and access, serving an expansive trade area. The property draws over 6 million annual visits and ranks as the most visited shopping center within a 15-mile radius per Placer.ai. Park West Place is located within the Central Stockton retail submarket, which has maintained sub-5% vacancy for over a decade. Power center space in the area is exceptionally tight, with only 13,400 square feet delivered since 2011 and no new construction underway. Market rents have grown steadily, supported by strong tenant demand and limited supply.
1800 N. New Hampshire, Los Angeles |
|
|
MESA WEST CAPITAL/CBRE – Josh Westerberg and Hoony Shin led a Mesa West Capital team that provided a partnership of Alliance Residential and PCCP with a $43.5 mil, short-term, refi loan on Broadstone Los Feliz, a 134-unit multifamily community in Los Angeles. The five-year, floating rate loan was arranged by the CBRE team of Troy Tegeler, Trevor Breaux, Ryan Greer and CJ Connolly. Built in 1986, the property is located at 1800 N. New Hampshire in Los Feliz, a popular hillside neighborhood in the greater Hollywood area. With its renowned cultural landmarks—such as Griffith Park, the Greek Theatre, and the Los Angeles Observatory— a vibrant retail infrastructure and its proximity to major studios and entertainment hubs in Hollywood and Burbank, Los Feliz draws from an eclectic community of affluent and creative individuals. The property features a mix of studio, one- and two-bedroom apartment homes and an amenity package that includes a rooftop lounge and barbecue area with unobstructed views of the Griffith Observatory and Hollywood sign, indoor swimming pool and spa, fitness center, and EV charging stations. Since acquiring the property in 2022, the Alliance-led joint venture has invested more than $1 mil to upgrade the common areas and renovate the interiors of 33-units with hardwood flooring, quartz countertops, stainless steel appliances, and new woodgrain cabinets bringing the total of renovated homes to 67%. The sponsor plans to renovate the remaining 45 classic units within the next two years, which will help drive increased rental rates and allow the property to further compete with other higher quality assets in the market, according to Westerberg. The property was 95% occupied at loan closing.
JLL CAPITAL MARKETS -- Brad Miner and Drew Lydon with JLL Capital Markets arranged a $40.5 mil, construction take-out refinancing for The Place at Silverbell Gateway, a newly constructed 300-unit Class-A apartment community in Tucson, AZ. Located at 7430 North Silverbell Rd, the three-story garden-style apartment community features spacious units, averaging 1.1k sf. Situated in Tucson's northwest corridor, The Place at Silverbell Gateway sits along Silverbell Road with proximity to commercial developments and residential neighborhoods. The property provides access to major thoroughfares and is positioned near key amenities in an area experiencing growth and development activity. The borrower was MC Companies.
GANTRY -- Mark Ritchie and Keegan Bridges with Gantry arranged an $8.7 mil permanent loan to refinance a shopping center in Tucson, AZ on behalf of a SoCal-based private investor. The 12.75-acre property, located at the NEC of Speedway Blvd and N Kolb Rd, is anchored by a 164k sf Lowe's. The center also includes two adjacent retail pads that are home to a popular local breakfast restaurant, a retailer, and a professional service office. The 10-year, fixed-rate, non-recourse loan was funded through an insurance company lender. The financing includes 30-year amortization and offers late-term prepayment flexibility, with Gantry acting as servicer.
|
|
 Return to the previous page
|
|
|
|
|
|
Printer-friendly Version
Email an Associate
