Thursday, December 5, 2013

HFF secures $9 million financing for neighborhood retail center in Santa Maria, CA


Santa Maria Commerce Center,  230-340 East Betteravia Road, Santa Maria, CA


LOS ANGELES, CA – HFF announced today that it has secured $9 million in financing for Santa Maria Commerce Center, a 65,911-square-foot neighborhood retail center in Santa Maria, California.

HFF worked on behalf of Santa Maria Commerce Center to secure the 10-year, 4.81 percent fixed-rate loan through Wells Fargo Bank.  Proceeds were used to refinance maturing debt on the property.

Santa Maria Commerce Center is located at 230-340 East Betteravia Road between U.S. Highway 101 and Broadway Street in Santa Maria. 

The property is 85 percent leased and includes tenants such as Pier 1 Imports, Chipotle, Panda Express, Supercuts and Avenue.  Additionally, the center is shadow-anchored by Ross Dress for Less and 99 Cents Only and is situated directly across from Target.

 For the complete copy of the company’s news release, please contact:

Olivia Hennessey
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

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