HFF arranges $170 million refinancing for 33-property retail portfolio in northern California

Peter Smyslowski

SAN FRANCISCO, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $170 million refinancing for a retail portfolio of 33 high-performing, triple net leased, grocery retail properties totaling 1.73 million square feet in northern California.

HFF worked on behalf of the borrower, RMP Properties, LLC, to place the 10-year, fixed-rate loan with a consortium of CMBS lenders led by UBS.  The securitized loan is being used to refinance an existing CMBS loan on the portfolio.

The portfolio is 100 percent absolute net leased under a master lease with The Save Mart Companies, one of the largest private regional grocers in California. 

The properties are either free-standing grocery stores or are the grocery anchor in multi-tenant retail centers and feature properties that are operated under well-known grocery brands Save Mart, Lucky, Lucky California and FoodMaxx.  The portfolio properties are well-located in three primary northern California markets:  San Francisco Bay Area, Sacramento and the Central Valley.

Chris Gandy

 The HFF debt placement team was led by managing director Peter Smyslowski, director Chris Gandy and associate Rob Bova.

“The quality of the RMP assets from both an operational and geographical perspective was instrumental in the successful loan placement in a somewhat bearish retail financing environment,” Smyslowski said.

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

Kristen M. Murphy

Director, Public Relations

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

krmurphy@hfflp.com