HFF secures $50 million refinancing for Bayfair Center in San Leandro, CA

WASHINGTON, D.C. – HFF announced today that it has secured a $50 million refinancing for Bayfair Center (top left photo), an 813,307-square-foot retail center in San Leandro, California.

HFF worked exclusively on behalf of Madison Marquette Retail Enhancement Fund to secure the five-year, adjustable-rate loan through Guggenheim Commercial Real Estate Finance. 

Bayfair Center is located at 15555 East 14th Street in the suburban East Bay community of San Leandro.  Renovated in 2008, the property is a hybrid power center with an interior mall component. 

Currently 97 percent leased, Bayfair Center serves a population of more than 825,000 within a 10-mile radius, with a median household income of more than $83,000. 

 Tenants include Macy’s, Target, Kohl’s, Staples, Old Navy, PetSmart, Bed Bath & Beyond, 24 Hour Fitness and Cinemark Century 16 Theater.

The HFF team representing Madison Marquette Retail Enhancement Fund was led by managing director Mark Remington (lower right photo) and senior managing director Bruce Ganong (lower left photo) 

 “The outcome here represents a big win for our client, allowing them to recapitalize and finish the repositioning process on the property that was started when it was acquired,” Remington said.

Contacts:

MARK REMINGTON                         

HFF Managing Director                        

(202) 533-2500                                       

mremington@hfflp.com   

BRUCE GANONG                       

HFF Senior Managing Director    

(415) 276-6300                               

bganong@hfflp.com  

MYRA MOREN

HFF Director, Marketing

(713) 852-3500

mmoren@hfflp.com  

      

Construction is Underway on Todd Cancer Institute Pavilion at Long Beach Memorial

Long Beach, CA –McCarthy Building Companies, Inc., one of Southern California’s preeminent healthcare builders, has recently begun construction of the new $31 million (development cost) MemorialCare Todd Cancer Institute Pavilion (top left rendering and lower right lobby photo)) at Long Beach Memorial.

Located in an existing building on the Long Beach Memorial campus in Long Beach, Calif., the new pavilion is scheduled to open early in the summer of 2013.

Serving as general contractor for the project, McCarthy’s scope of work includes transforming 65,000-square-feet on the second and third floors of an existing four-level administration building into a dedicated cancer treatment center.

The project also includes construction of a two-level, 1,913-square-foot lobby addition which will serve as the entrance to the new pavilion.

As a hands-on builder, McCarthy will use its own labor for the structural concrete work and construction of the site retaining walls for the new facility.

  

For a complete copy of the company’s news release, please contact: 

Laura Mickelson (LM Communications)                

Lauramickelson@cox.net;

 (949) 453-0851

 or

 Susan Garritano (McCarthy Building Companies, Inc.)

Sgarritano@mccarthy.com;

 (314) 968-3300

www.mccarthy.com .