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| Rendering of planned Centrum Apartments Phase 6, a 442-unit, Class A apartment project in San Diego, CA |
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| Aldon Cole |
HFF worked on behalf of Sunroad Enterprises to arrange the floating-rate
construction loan through PCCP, LLC.
Centrum Apartments Phase 6 will be the final phase of the
232-acre Centrum Master Plan that encompasses some of San Diego’s newest
development and numerous employers.
Due for completion in late 2020, the
five-story, Type 3A residential building will be situated over a three-story,
Type 1A parking structure with one subterranean level.
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| Tim Wright |
The property is
situated on 4.5 acres directly west of Phase 5 at the corner of Kearny Villa
Road and Lightwave Avenue in the Kearny Mesa submarket.
Planned amenities
include a pool and spa area, sky deck with grilling and lounge space, fitness
center, club room with indoor/outdoor billiards tables and bar, wine room,
business center with conference space and pet grooming center.
Units will
range from studio through three-bedroom layouts averaging 895 square feet.
The HFF debt placement team representing Sunroad was led by
senior managing directors Aldon Cole and Tim Wright and associate Bharat Madan.
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| Bharat Madan |
“This sixth and final phase within the Centrum master plan will complete the transformation of this project that has been in the works for nearly 20 years,” Cole said.
“The Centrum residential market is one of
the most highly amenitized in the country. The area’s short commutes to
surrounding employment centers and proximity to retail only serves to enrich
residents’ quality of life even further.”
Holliday GP Corp. (“HFF”) is a real estate broker licensed
with the California Department of Real Estate, License Number 01385740.
CONTACTS:
ALDON L. COLE
CA Lic. #01457351
HFF Senior Managing Director
(858) 552-7690
TIMOTHY D. WRIGHT
CA Lic. #00947194
HFF Senior Managing Director
(858) 552-7690
OLIVIA N. HENNESSEY
HFF Public Relations
Specialist
(713) 852-3403
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