Thousand Oaks Retail Center Secures $85M Refi

JLL Capital Markets has arranged the $84.7 million refinancing for Janss Marketplace, a 456,000-square-foot grocery-anchored regional retail center in Thousand Oaks, CA. The borrower is Maxxam Enterprises and the loan is with TerraCotta Credit Fund, LP.

Situated on N. Moorpark Road, the recently renovated center is 90% occupied and attracts four million visitors annually. The property is currently anchored by Aldi grocery store, and includes other well-known tenants like ULTA, Petco, Old Navy, Five Below and Golds Gym.

The JLL Capital Markets Debt Advisory team was led by Matt Stewart, Alethia Halamandaris and Chris Jaffe. “Janss Marketplace is located in one of the strongest submarkets in Southern California and will be one of the premier mixed-use destinations in the region,” said Stewart in a news release. “This was an amazing execution in today’s market environment; we worked with Terracotta to structure a financing solution that met all of the sponsor’s objectives.”