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| Plaza El Segundo, South Bay area, El Segundo, CA |
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| Kevin MacKenzie |
LOS ANGELES, CA ––
Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $125 million
refinancing for Plaza El Segundo, a
380,558-square-foot, high-quality retail center in the South Bay community of
El Segundo, California.
HFF worked on behalf of
the borrower, Federal Realty, to secure the 10-year, fixed-rate loan through
PGIM Real Estate Finance.
Completed in 2007, Plaza
El Segundo is 97 percent leased and comprises 13 buildings in three shopping
districts: The Plaza, The Collection, and The Edge. The property features a strong tenant line-up
that includes Whole Foods, Dick’s Sporting Goods, lululemon athletica,
Anthropologie and Salt Creek Grill.
Situated on 36.82 acres at
710-780 Sepulveda Boulevard, Plaza El Segundo is located at the dominant
intersection of Rosecrans Avenue and Sepulveda Boulevard (Pacific Coast
Highway), which connects the affluent beach communities of Manhattan Beach,
Hermosa Beach, Redondo Beach and El Segundo, and has combined traffic counts in
excess of 110,000 vehicles per day.
More than 167,000 residents earning an average annual household income of $100,192 live within three miles of the center.
More than 167,000 residents earning an average annual household income of $100,192 live within three miles of the center.
The HFF debt placement
team representing the borrower was led by senior managing director Kevin MacKenzie and associate director Matthew Stewart.
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| Matthew Stewart |
“There was strong interest in the opportunity given the A-plus location and tenant line-up, and it was a true team effort from all parties to get the most efficient capital in place for the asset plan.”
For a complete copy of the company’s news release,
please contact:
Kristen Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
tel 617-848-1572 | cell
617-543-4873 | hfflp.com
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