 |
| Rendering of The Outlets at the Border, a planned retail outlet center along the U.S.-Mexican border in San Ysidro, CA |
 |
| Aldon Cole |
SAN DIEGO, CA – HFF announced today that it has secured $40
million in financing for the development of The Outlets at the Border, a
140,000-square-foot retail outlet center along the U.S./Mexico border in San
Ysidro, California.
Working exclusively on behalf of The Shamrock Group, LLC, HFF placed the
$40 million construction loan with Canyon Capital Realty Advisors.
Slated for completion in October 2014, The Outlets at the Border is
currently under construction and is in the pre-leasing stage with many of the
industry’s top national and international retail brands already signed.
The newly constructed outlets will be the most proximate
stores to the San Ysidro Port of Entry, including the new pedestrian border
crossing, slated to open in 2015, and is adjacent to the new vehicle entry into
Mexico known as El Chaparral, which opened in November 2012.
The San Ysidro Port of Entry is the busiest crossing
in the world with approximately 100 million crossings per year including more
than 26 million pedestrians.
 |
| Tim Wright |
The Outlets at the Border will be the final phase of the Las
Americas Master Plan that includes the development of approximately 800,000
square feet of retail space
The
HFF team representing the Shamrock Group, LLC was led by managing director Aldon
Cole and senior managing director Tim Wright.
“The Outlets at the Border will become the new front door to
the United States and the highly successful Las Americas retail commerce
area. We are excited to bring a variety
of new, top quality retailers into this exceptionally vibrant retail
environment that has continued to thrive with consistent high levels of
traffic, top of industry sales volumes and low vacancies,” said Randy
Levinson of Shamrock Group
The
Shamrock Group, LLC is a San Diego-based real estate development and investment
firm founded by Michael K. Binkle and Randy A. Levinson.
The group primarily focuses on acquisition, development and
investment in commercial, office, industrial and retail real estate within the
western United States.
For more information about The Shamrock Group, LLC, visit www.theshamrockgrp.com
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
No comments:
Post a Comment