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CBRE Arranges Refi on Oakland Shopping Center
CBRE has secured $15 million in refinancing for Lincoln Square Shopping Center, a 44,438-square-foot grocery-anchored shopping center at 4100 Redwood Rd. in Oakland.
Shaun Moothart, Bruce Francis, Doug Birrell and Bob Ybarra with CBRE Capital Markets’ Debt and Structured Finance team secured the non-recourse, 10-year term, interest-only loan on behalf of the landlord, a California-based private retail real estate operating company. The lender wasn’t disclosed.
“We are pleased to have advised a world-class institutional sponsor on the execution of this financing during a volatile time in the capital market,” said Moothart.
Situated on 4.10 acres in the Oakland hills, the shopping center is anchored by Safeway and includes CVS Pharmacy, Peet’s Coffee, Jamba Juice and the UPS Store as tenants. The property encompasses three buildings with 14 tenant suites.
Initially built in 1963, the center underwent extensive redevelopment and modernization in 2019.
- ◦Financing




