JLL Capital Markets arranges $85 million refinancing of the 456,390-square-foot Janss Marketplace in Thousand Oaks, CA

Alethia Halamandaris

 

 LOS ANGELES,  Dec. 15, 2022 – JLL Capital Markets  has closed the $84.7 million refinancing for Janss Marketplace, a 456,390-square-foot, grocery-anchored regional retail center located in Thousand Oaks, CA.

 

JLL represented the borrower, an affiliate of Maxxam Enterprises, to secure the financing with TerraCotta Credit Fund, LP.

Matt Stewart

Built in phases from 1959 to 1999 and renovated in 2007 and 2020, the 90-percent-occupied center currently attracts four million visitors annually.

 

 Janss Marketplace offers a diverse tenant mix of destination entertainment tenants, unique restaurants and experiential and daily needs retailers.

 The property is currently anchored by Aldi, a grocer with over 10,000 locations across 20 countries, ULTA, Petco, Old Navy, Five Below and Golds Gym.

 

Situated at 165-401 N Moorpark Rd. within Ventura County, the center is ideally located near the 101 freeway and is easily accessible to/from a variety of markets in Southern California.

 

The JLL Capital Markets Debt Advisory team was led by Senior Director Matt Stewart, Director Alethia Halamandaris and Analyst Chris Jaffe.

Chris Jaffe

 “Janss Marketplace is located in one of the strongest sub-markets in Southern California and will be one of the premier mixed-use destinations in the region,"  said Stewart.

 

"This was an amazing execution in today’s market environment; we worked with TerraCotta to structure a bespoke financing solution that met all of the sponsor’s objectives,”

 

CONTACT:

 

Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com