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California  + San Diego  + Finance  | 
JLL Capital Markets arranged the $12.05-million refinancing of Mission Promenade, a 105,700-square-foot shopping center in Oceanside, California

JLL Secures Refi for Oceanside Shopping Center

JLL Capital Markets arranged the $12.05-million refinancing of Mission Promenade, a 105,700-square-foot, dual grocery-anchored shopping center located within the San Diego area in Oceanside. Senior managing director Jeff Sause and managing director John Chun represented the borrower, Milan Capital Management, to secure the 10-year loan through a regional bank. 

Built in 1972 and renovated in 1999, Mission Promenade is currently 97% occupied to a diverse mix of national and regional tenants. It is grocery-anchored by El Super, a Latino supermarket chain, along with a grocery outlet, which combined account for roughly 59% of the total rentable square feet and 66% of the total net operating income. It is also anchored by a 22,000-square-foot dd’s Discounts (part of Ross Dress for Less). 

Situated at 1527-1547 Mission Ave., the center is located on an infill, 9.5-acre site along the primary commercial corridor of Mission Avenue.  

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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