Ontario Gateway Center, Ontario, CA
LOS ANGELES, CA – HFF announced today that it has secured
$25.2 million in financing for Ontario Gateway Center, a
220,930-square-foot power center in Ontario, California.
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| Paul Brindley |
HFF worked on behalf of the borrower, an affiliate of Zelman
Development Company and Grayburn Properties, to secure the 10-year, 3.75
percent, fixed-rate loan through Deutsche Bank.
Ontario Gateway Center is located at 4420 Ontario Mills
Parkway, directly across from the Ontario Mills Mall and just east of the
Ontario airport. Built in 1999, the
property consists of 10 buildings situated on a 22.9-acre site. The 100 percent
occupied property is anchored by Toys “R” Us and Babies “R” Us with Ross set to
take occupancy in late 2013.
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| Ontario Mills Mall, Ontario, CA |
The HFF team was led by senior managing director Paul
Brindley and real estate analyst Steven Paskhover.
Zelman Development Co. is a privately-owned commercial real
estate development company headquartered in Los Angeles, California.
Founded in the early 1960’s, the company is
now a diversified development/investment company with diverse holdings of
retail, industrial, hotel, office and other asset classes.
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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