Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
February 9, 2025
 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?





NORTHERN CALIFORNIA NEWS
Printer-friendly Version   Email an Associate
Brothers International Holding Corporation Completes $20.5 Mil Refi of San Jose Retail Property

1/30/24

Brothers International Holding Corporation has obtained a $20.5 mil refi loan for Almaden Safeway Center, a 143.5k sf, grocery-anchored retail center located in San Jose.

Almaden Safeway Center is spread across three buildings on 11.60 acres and features a WALT of 7.2 years. The center is 100% occupied by 10 tenants, including its high-performing anchor, Safeway, as well as JoAnn’s Fabrics, McDonald’s, T-Mobile and Savers. Major national tenants make up 95% of the GLA.

Located at the highly visible intersection of Almaden Expy and Cherry Ave, the property is just 0.1 miles from the 85 Fwy, providing access to downtown San Jose, Campbell and Los Gatos, as well as the population of 500,000 within a five-mile radius. The center also benefits from the foot traffic of six neighboring shopping centers, which include a Bass Pro Shops, Whole Foods, Walmart and Best Buy. Additionally, within a three-mile radius of the property is an average household income of $161,000.

Bruce Ganong, Lillian Roos and Matthew Mingrone with JLL Capital Markets arranged the 10-year, fixed-rate loan through RGA Reinsurance Company.





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 © 2025 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media