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California  + Orange County  + Retail  | 

Faris Lee Secures $40M Bridge Loan for Yorba Linda Packing House

Faris Lee Investments arranged a three-year $39.6-million bridge loan for Packing House Square, a 141,504-square-foot, mixed-use center at 18180-18380 Yorba Linda Blvd. in Yorba Linda, CA. The proceeds from the refinance will be used to reposition the Packing House building as a medical arts plaza with a medical anchor tenant, renovate the existing retail plaza by adding an additional 11,450-square-foot new corner retail wing, and re-tenant vacant units.

Faris Lee Investments’ Jay Quinn and Kirt Boultinghouse sourced the loan via Ares Management. Nick Coo, Matt Brooks, and Joe Chichester represented the seller, a private investment company.

Coo says, “The favorable location, as well as the lack of retail and retail development in the trade area, presented significant opportunities for the disposition of the asset. However, the future of the property faced many challenges like the high vacancy, the lack of anchor, the complex site plan with multi-level layout, the lack of entitlement for the additional retail development built into the projected Pro-forma, and the uncertainty of the office building lease-up.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
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