California + Inland Empire + Retail | February 17, 2023

JLL Closes $13M Refi of Moreno Valley Retail Center

JLL Capital Markets has closed the $13.4 million refinancing for The District at Moreno Valley, a brand-new, 52,000-square-foot Sprouts-anchored retail center in Moreno Valley, CA. JLL’s Matt Stewart, Chris Jaffe and Daniel Skerrett with the firm’s Debt Advisory team represented the borrower, Ledo Capital Group to secure financing with Manufacturers Bank.

“The District at Moreno Valley is a case study on how to reposition real estate into its highest and best use. This was a transformative project to the area, and JLL was honored to be a part of the process,” said Stewart.

Along with the Sprouts anchor, the shopping center, located on a highly visible site just off the 60 Freeway, also boasts KFC, The Joint Chiropractic, WSS and Starbucks as tenants. Additionally, Moreno Valley is the second largest Inland Empire city in terms of land area, with plenty of room for future residential growth.

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Ledo Capital GroupManufacturers BankJLL's Matt Stewart

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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