Tuesday, March 18, 2014

HFF secures $5.7 million in financing for Home Depot Plaza in Escondido, CA

Home Depot Plaza, Escondido, CA

 SAN DIEGO, CA – HFF announced it has arranged $5.7 million in financing for Home Depot Plaza, a 171,300-square-foot retail center in Escondido, California.

Working exclusively on behalf of a family trust professionally advised by First Foundation, HFF placed the 15-year, fixed-rate loan with one of its correspondent life company lenders.  Proceeds were used to recapitalize existing debt on the property.

Home Depot Plaza is situated on 18.6 acres near the intersection of East Valley Parkway and North Rose Street.  The property is anchored by Home Depot and is 97.72 percent leased.  Other tenants include Starbucks, Panda Express, Wells Fargo, Chase Bank and Game Stop.

The HFF team representing the borrower was led by associate director Zack Holderman.

First Foundation Inc. is a private financial firm that seamlessly offers banking, estate planning, wealth management, philanthropic consulting and trust services. Founded in 1990, the full-service firm provides complete financial management through its affiliates.

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

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