{"id":1004166295,"date":"2017-02-08T04:45:40","date_gmt":"2017-02-08T12:45:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004166295"},"modified":"2020-05-11T03:43:28","modified_gmt":"2020-05-11T11:43:28","slug":"san-diego-area-power-center-receives-92m-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/san-diego-area-power-center-receives-92m-refi\/","title":{"rendered":"San Diego-Area Power Center Receives $92M Refi"},"content":{"rendered":"<p>By Keith Loria, Contributing Editor<\/p>\n<div id=\"attachment_1004166296\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Grand-Plaza-San-Marcos-Calif.-e1486554608712.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004166296\" data-attachment-id=\"1004166296\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-power-center-receives-92m-refi\/grand-plaza-san-marcos-calif\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Grand-Plaza-San-Marcos-Calif.-e1486554608712.jpg\" data-orig-size=\"560,422\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Grand Plaza in San Marcos, Calif.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Grand Plaza in San Marcos, Calif.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Grand-Plaza-San-Marcos-Calif.-e1486554608712.jpg?w=560\" class=\"size-medium wp-image-1004166296\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Grand-Plaza-San-Marcos-Calif.-e1486554608712.jpg\" alt=\"Grand Plaza in San Marcos, Calif.\" width=\"300\" height=\"226\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Grand-Plaza-San-Marcos-Calif.-e1486554608712.jpg 560w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Grand-Plaza-San-Marcos-Calif.-e1486554608712.jpg?resize=300,226 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004166296\" class=\"wp-caption-text\">Grand Plaza in San Marcos, Calif.<\/p><\/div>\n<p><strong>San Diego<\/strong>\u2014United American Properties Inc. and World Premier Investments Inc. have received $92 million in refinancing for Grand Plaza, a 356,796-square-foot retail power center with a grocery anchor in San Marcos, Calif.<\/p>\n<p>HFF secured a 25-year, fixed-rate loan with JP Morgan Asset Management for the development partnership.<\/p>\n<p>Anchored by Sprouts Farmers Market, the 94-percent-leased Grand Plaza is also home to 40 retailers, including Orchard Supply Hardware, Bed Bath and Beyond, Ross Dress for Less, Marshalls, Boudin Bakery, Lane Bryant, Party City, Broken Yolk Caf\u00e9, Starbucks and Ulta Beauty, as well as the only Nordstrom Rack in North County San Diego. Grand Plaza also features many restaurants including Elephant Bar, Sammy\u2019s Woodfire Pizza, Broken Yolk Cafe and Love Boat Sushi.<\/p>\n<p>The HFF retail debt placement team representing the borrower was led by Director John Chun, Associate Sebastian Trujillo and Analyst AJ Manas.<\/p>\n<p>\u201cGiven the impressive tenant roster and historically high occupancy levels of the retail power center, we were able to secure competitive terms on the longer-term duration loan,\u201d Chun said in a prepared statement.<\/p>\n<p>The center is strategically located within a few miles of Cal State San Marcos and Palomar College, and draws from a variety of communities in addition to San Marcos, including Escondido, Vista, Oceanside and Rancho Bernardo.<\/p>\n<p><em>Image courtesy of <a href=\"https:\/\/www.newmarkmerrill.com\/\" rel=\"nofollow\" target=\"_blank\">NewMark Merrill Cos.<\/a> <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Anchored by Sprouts Farmers Market, the 356,796-square-foot Grand Plaza is also home to 40 other retailers.<\/p>\n","protected":false},"author":451,"featured_media":1004166296,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,21742,21749,1608,15],"tags":[32792,33651,33893,33894],"class_list":["post-1004166295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-latest","category-retail","category-san-diego","category-west","tag-hff","tag-jp-morgan-asset-management","tag-united-american-properties","tag-world-premier-investments"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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