 |
| Home Depot Plaza, Escondido, CA |
SAN DIEGO, CA – HFF announced it has arranged $5.7 million
in financing for Home Depot Plaza, a 171,300-square-foot retail center
in Escondido, California.
Working exclusively on behalf of a family trust
professionally advised by First Foundation, HFF placed the 15-year, fixed-rate
loan with one of its correspondent life company lenders. Proceeds were used to recapitalize existing
debt on the property.
Home Depot Plaza is situated on 18.6 acres near the
intersection of East Valley Parkway and North Rose Street. The property is anchored by Home Depot and
is 97.72 percent leased. Other tenants
include Starbucks, Panda Express, Wells Fargo, Chase Bank and Game Stop.
The HFF team representing the borrower was led by associate
director Zack Holderman.
First Foundation Inc. is a private financial firm that
seamlessly offers banking, estate planning, wealth management, philanthropic
consulting and trust services. Founded in 1990, the full-service firm provides
complete financial management through its affiliates.
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
No comments:
Post a Comment