{"id":1004180862,"date":"2017-06-16T04:50:50","date_gmt":"2017-06-16T12:50:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004180862"},"modified":"2022-12-08T05:48:06","modified_gmt":"2022-12-08T13:48:06","slug":"greater-la-retail-center-lands-125m-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/greater-la-retail-center-lands-125m-refi\/","title":{"rendered":"Greater LA Retail Center Lands $125M Refi"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/em><\/p>\n

Federal Realty has secured $125 million to refinance Plaza El Segundo, a 380,558-square-foot, high-quality retail center in El Segundo, Calif.\u2019s South Bay community.<\/p>\n

\"Plaza<\/a>

Plaza El Segundo<\/p><\/div>\n

HFF arranged a 10-year, fixed-rate loan through PGIM Real Estate Finance for the company.<\/p>\n

\u201cDespite some recent headwinds in the retail market, this transaction is a great example of the availability of capital for premiere retail properties with best-in-class sponsorship,\u201d <\/em>Kevin MacKenzie<\/a>, HFF\u2019s senior managing director, said in a prepared release. \u201cThere 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.\u201d<\/em><\/p>\n

The HFF debt placement team also included associate director Matthew Stewart.<\/p>\n

Property Details<\/h2>\n

Originally constructed 10 years ago, the property comprises 13 buildings in three shopping districts: The Plaza, The Collection and The Edge.<\/p>\n

Plaza El Segundo is currently 97 percent leased and includes a tenant portfolio of Whole Foods, Dick\u2019s Sporting Goods, lululemon athletica, Anthropologie and Salt Creek Grill.<\/p>\n

Located at 710-780 Sepulveda Blvd., on the dominant intersection of Rosecrans Ave., and Sepulveda Blvd., the retail center sits on 36.82 total acres and is an area with combined traffic counts that sees more than 110,000 vehicles per day.<\/p>\n

According to recent Census data, the area has more than 167,000 residents earning an average annual household income of $100,192.<\/p>\n

Federal Realty as a company owns 98 properties, hosting more than 2,800 tenants, in approximately 23 million square feet. It also owns more than 1,800 residential units.<\/p>\n","protected":false},"excerpt":{"rendered":"

Federal Realty is using the loan for Plaza El Segundo, a 380,558-square-foot shopping mall comprising 13 buildings in the South Bay community. <\/p>\n","protected":false},"author":451,"featured_media":1004180864,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,1594,21742,21749,15],"tags":[33957,32792,34647],"class_list":["post-1004180862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-los-angeles","category-latest","category-retail","category-west","tag-federal-realty-investment-trust","tag-hff","tag-kevin-mackenzie"],"acf":[],"yoast_head":"\nGreater LA Retail Center Lands $125M Refi - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/greater-la-retail-center-lands-125m-refi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greater LA Retail Center Lands $125M Refi\" \/>\n<meta property=\"og:description\" content=\"Federal Realty is using the loan for Plaza El Segundo, a 380,558-square-foot shopping mall comprising 13 buildings in the South Bay community.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/greater-la-retail-center-lands-125m-refi\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-16T12:50:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T13:48:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Plaza-El-Segundo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greater-la-retail-center-lands-125m-refi\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/greater-la-retail-center-lands-125m-refi\/\",\"name\":\"Greater LA Retail Center Lands $125M Refi - 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