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JLL Secures $69M in Financing for OC Retail Portfolio
JLL Capital Markets has arranged $69 million in financing for a three-property retail portfolio in Costa Mesa, CA and Fullerton, CA. The trio of assets, anchored by Sprouts, Ralphs and Target totals 195,000 square feet and JLL secured the 10-year, fixed rate loans on behalf of the borrower.
Two of the three properties are located along the highly trafficked 17th Street corridor in Costa Mesa, with direct access to State Route 55 and Highway 1 which connects them to coastal beach cities in Orange County. The third property, in Fullerton, is within proximity of several freeways as well.
“JLL appreciated the opportunity to arrange financing for some of the best real estate in Orange County. The borrowers commitment to operating best-in-class shopping centers and maintaining close relationships with national credit tenants allowed us to create a competitive financing market,” said Greg Brown, part of the JLL Capital Markets Debt Advisory team that secured the financing.
- ◦Financing
