SAN DIEGO, CA – The San Diego office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged a $31 million refinancing for Village Hillcrest, (above centered photo) a landmark 577,535-square-foot retail, office, medical, residential and 705-stall parking structure development in the Hillcrest neighborhood of San Diego, California.
“Village Hillcrest is one of the most irreplaceable trophy real estate assets in San Diego and is located in a premier in-fill location.
Working exclusively on behalf of SunCoast Properties, Inc., HFF director Aldon Cole (top right photo) and associ
ate director Rob Hinckley placed the 10-year, loan with John Hancock Real Estate Finance.
ate director Rob Hinckley placed the 10-year, loan with John Hancock Real Estate Finance.Loan proceeds will prepay and retire an existing first lien financing with the remaining funds earmarked for SunCoast’s future growth opportunities. SunCoast Properties, a long-standing private real estate company, professionally manages and leases approximately one million square feet of commercial properties in Orange County and San Diego.
Village Hillcrest is 
located at the intersection of 5th Avenue and Washington Street in the Hillcrest/Uptown community two miles north of San Diego’s central business district.
located at the intersection of 5th Avenue and Washington Street in the Hillcrest/Uptown community two miles north of San Diego’s central business district. The property was completed in 1992 and has a total of six buildings including a medical office and hospital building, a retail/office building, two retail/residential buildings, two additional retail buildings, and a four-story parking garage.
Tenants include the Hillcrest Cinemas
, 24-Hour Fitness, Scripps as well as three dining establishments and a hospital facility.
, 24-Hour Fitness, Scripps as well as three dining establishments and a hospital facility. “Village Hillcrest is one of the most irreplaceable trophy real estate assets in San Diego and is located in a premier in-fill location.
Not only is this a centralized Hillcrest icon, it serves as a gathering place for the greater San Diego Community as it is within a 10-minute drive of most areas of San Diego,” said Cole.
HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placemen
t, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing.
t, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing. CONTACTS:
Aldon L. Cole, HFF Director, 858 552 7690, acole@hfflp.com
Rob Hinckley, HFF Asociate Director, 858 552 7690, rhinckley@hfflp.com
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com
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