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| Liberty Station Marketplace, Point Loma submarket, San Diego, CA |
SAN DIEGO, CA – HFF announced today that it has arranged $47
million in permanent financing for Liberty Station Marketplace, a
premier 152,495-square-foot, dual grocery-anchored retail center in the Point
Loma submarket of San Diego, California.
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| Tim Wright |
Working on behalf of The Corky McMillin Companies, HFF
placed the loan with a major fund advisor.
Liberty Station Marketplace is located within the
award-winning Liberty Station mixed-use development. The property was originally constructed in 1932 and was converted
for retail and office use in 2007.
Anchored by Vons and
Trader Joe’s, the center is 93 percent leased and also features tenants
including Starbucks, Sammy’s Woodfired Pizza, Five Guys, Verizon Wireless,
Panera Bread, Cold Stone Creamery, Tender Greens and Luna Grill.
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| Nick Psyllos |
The 361-acre Liberty Station community includes 125 acres of
parks and open space; shopping villages and restaurants; a 28–acre civic, arts
and cultural district; the nine-hole Sail Ho Golf Club; two hotels; and six
schools.
Nearly 350 families now reside
at the pedestrian-friendly Liberty Station and dozens of companies, with
hundreds of employees, are doing business there. Please visit libertystation.com for more information.
The HFF team representing the borrower was led by senior
managing directors Tim Wright and Nick Psyllos and associate
director Zack Holderman.
A long-standing commercial and residential owner and
developer, The Corky McMillin Companies is the master plan developer of Liberty
Station, an award winning adaptive reuse of the historic Naval Training Center.
The Corky McMillin
Companies is a fully-integrated real estate investment, land development and
home-building company with more than 50 years of experience in San Diego. The
former Naval Training Center was redeveloped by McMillin into its current
mixed-use urban village that mixes homes with employment space, education,
retail, recreation and entertainment.
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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