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California  + San Diego  + Retail  | 

Mesa West Originates $64M in Debt Financing for Two CA Assets

Los Angeles-based Mesa West Capital originated $63.8 million in short-term first mortgage debt in two separate financings secured by assets in San Diego and Walnut Creek, CA.

Mesa West provided Newport National Corp. with a $28 million first mortgage loan for the acquisition, renovation and stabilization of Scripps Summit Court in Scripps Ranch. Acquired from owner-user HD Supply Facilities Maintenance, which recently relocated to Atlanta, the asset includes a vacant 146,549-square-foot, four-story office building on a 21-acre lot.

Renovation plans include a new exterior entrance, upgrades to the lobby and common areas as well as the addition of a new bistro/coffee bar, upgraded fitness center, and new training/events room.

Mesa West also provided a JV between Citivest Commercial and Tallen Capital Partners, with a $35.75-million loan to refinance and reposition the Rossmoor Shopping Center in Walnut Creek. HFF brokered the deal between the JV, securing the loan through Mesa West.

Mesa West’s Steve Fried and Seth Hall originated the financing.

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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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