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| The Plaza at the Border, Ysidro, CA |
SAN DIEGO, CA – HFF announced today that it has secured
$23.5 million in financing for The Plaza at the Border, a
98,000-square-foot retail center along the U.S./Mexico border in San Ysidro,
California.
Working exclusively on behalf of The Shamrock Group, LLC, HFF placed the
non-recourse, five-year, floating-rate loan with the lender, Prime
Finance.
The loan is interest only with
extension options and proceeds are replacing a construction loan and paying for
tenant improvement and leasing costs, among other costs.
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| Aldon Cole |
Completed in 2012, The Plaza at the Border is 79 percent leased to
tenants including TJ Maxx, Ross Dress for Less, Vitamin Shoppe, Fashion Q and
Ulta. The property is located at
3951-3975 Camino De La Plaza adjacent to The Las Americas Premium Outlets and
The Outlets at the Border, south of San Diego along the U.S./Mexico border in
San Ysidro.
The
HFF team representing the Shamrock Group, LLC was led by managing director Aldon
Cole, senior managing director Tim Wright and senior real estate
analyst Husayn Hasan.
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| Tim Wright |
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 | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com
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