Saturday, December 7, 2013

HFF secures $40 million financing on behalf of The Shamrock Group from Canyon Capital for development of retail outlet center on U.S./Mexico border in San Diego, CA


Rendering of The Outlets at the  Border, a planned retail outlet center along the U.S.-Mexican border in San Ysidro, CA


Aldon Cole

SAN DIEGO, CA – HFF announced today that it has secured $40 million in financing for the development of The Outlets at the Border, a 140,000-square-foot retail outlet center along the U.S./Mexico border in San Ysidro, California.

                Working exclusively on behalf of The Shamrock Group, LLC, HFF placed the $40 million construction loan with Canyon Capital Realty Advisors. 

                Slated for completion in October 2014, The Outlets at the Border is currently under construction and is in the pre-leasing stage with many of the industry’s top national and international retail brands already signed. 

The newly constructed outlets will be the most proximate stores to the San Ysidro Port of Entry, including the new pedestrian border crossing, slated to open in 2015, and is adjacent to the new vehicle entry into Mexico known as El Chaparral, which opened in November 2012. 

The San Ysidro Port of Entry is the busiest crossing in the world with approximately 100 million crossings per year including more than 26 million pedestrians. 

Tim Wright
The Outlets at the Border will be the final phase of the Las Americas Master Plan that includes the development of approximately 800,000 square feet of retail space

                The HFF team representing the Shamrock Group, LLC was led by managing director Aldon Cole and senior managing director Tim Wright.

“The Outlets at the Border will become the new front door to the United States and the highly successful Las Americas retail commerce area.  We are excited to bring a variety of new, top quality retailers into this exceptionally vibrant retail environment that has continued to thrive with consistent high levels of traffic, top of industry sales volumes and low vacancies,” said Randy Levinson of Shamrock Group

                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 | 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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