{"id":1004328449,"date":"2019-06-03T02:45:18","date_gmt":"2019-06-03T10:45:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004328449"},"modified":"2019-06-03T05:34:38","modified_gmt":"2019-06-03T13:34:38","slug":"salt-lake-city-retail-center-gets-97m-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/salt-lake-city-retail-center-gets-97m-refi\/","title":{"rendered":"Salt Lake City Retail Center Gets $97M Refi"},"content":{"rendered":"
\"\"<\/a>

The Gateway. Image courtesy of HFF<\/em><\/p><\/div>\n

A partnership of Oaktree Capital Management and Vestar has secured a $96.9 million refinancing for a 651,778-square-foot, mixed-use property in downtown Salt Lake City. The Gateway is an open-air shopping mall with a variety of shopping, entertainment and office space.<\/p>\n

Located on 21 acres at 41 South Rio Grande St. in the heart of the central business district, the property was built in 2000 and 2001 and also features an original Union Pacific Railway building constructed in 1910. The Salt Lake City Intermodal Hub, which provides light rail services, is less than half a mile east of the property and the shopping center is within walking distance of Temple Square, the Salt Palace Convention Center and Vivant Arena.<\/p>\n

The property underwent a multi-million-dollar transformation in 2016, after Oaktree and Vestar acquired the retail portion. The joint venture repositioned the property from a traditional shopping mall into a modern, experiential shopping center with creative office space. The two-level complex consists of seven buildings with more than 38 restaurant and retail tenants, including Recursion, Kiln, Punch Bowl Social, Dave & Buster\u2019s, Megaplex Theatres and Victoria\u2019s Secret.<\/p>\n

An HFF debt placement team of Aldon Cole, Paul Brindley, Todd Sugimoto and Spencer Richley represented the borrower in the deal.<\/p>\n

Back in October, Dallas-based TriGate Capital secured a $69 million refinancing loan<\/a> for its 726,306-square-foot retail center in Taylorsville, Utah, less than 10 miles from downtown Salt Lake City. A strong economy and job growth has led to a strong real estate market<\/a> in the state\u2019s capital city over the past two years.<\/p>\n","protected":false},"excerpt":{"rendered":"

Retail tenants at The Gateway, a 652,000-square-foot, mixed-use property in the city’s downtown, include Dave & Buster\u2019s, Megaplex Theatres and Victoria\u2019s Secret.<\/p>\n","protected":false},"author":745,"featured_media":1004328452,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,21752,21742,1606,15],"tags":[45788,32792,32944,45791,35655],"class_list":["post-1004328449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-mixed-use","category-latest","category-salt-lake-city","category-west","tag-aldon-cole","tag-hff","tag-oaktree-capital-management","tag-paul-brindley","tag-vestar"],"acf":[],"yoast_head":"\nSalt Lake City Retail Center Gets $97M 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\/salt-lake-city-retail-center-gets-97m-refi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Salt Lake City Retail Center Gets $97M Refi\" \/>\n<meta property=\"og:description\" content=\"Retail tenants at The Gateway, a 652,000-square-foot, mixed-use property in the city's downtown, include Dave & Buster\u2019s, Megaplex Theatres and Victoria\u2019s Secret.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/salt-lake-city-retail-center-gets-97m-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=\"2019-06-03T10:45:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-06-03T13:34:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/The-Gateway-Email-e1559337552626.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"890\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Holly Dutton\" \/>\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\/salt-lake-city-retail-center-gets-97m-refi\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/salt-lake-city-retail-center-gets-97m-refi\/\",\"name\":\"Salt Lake City Retail Center Gets $97M Refi - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/salt-lake-city-retail-center-gets-97m-refi\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/salt-lake-city-retail-center-gets-97m-refi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/The-Gateway-Email-e1559337552626.jpg\",\"datePublished\":\"2019-06-03T10:45:18+00:00\",\"dateModified\":\"2019-06-03T13:34:38+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/salt-lake-city-retail-center-gets-97m-refi\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/salt-lake-city-retail-center-gets-97m-refi\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/salt-lake-city-retail-center-gets-97m-refi\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/The-Gateway-Email-e1559337552626.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/The-Gateway-Email-e1559337552626.jpg\",\"width\":890,\"height\":667,\"caption\":\"The Gateway. Image courtesy of HFF\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/salt-lake-city-retail-center-gets-97m-refi\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Salt Lake City Retail Center Gets $97M Refi\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\",\"name\":\"Holly Dutton\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"caption\":\"Holly Dutton\"},\"description\":\"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2018 and has reported on the real estate sector since 2012. She was previously with Real Estate Weekly and the Houston Chronicle. Connect with her on twitter: @HollyDutton\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/hollydutton\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Salt Lake City Retail Center Gets $97M Refi - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/salt-lake-city-retail-center-gets-97m-refi\/","og_locale":"en_US","og_type":"article","og_title":"Salt Lake City Retail Center Gets $97M Refi","og_description":"Retail tenants at The Gateway, a 652,000-square-foot, mixed-use property in the city's downtown, include Dave & Buster\u2019s, Megaplex Theatres and Victoria\u2019s Secret.","og_url":"https:\/\/www.commercialsearch.com\/news\/salt-lake-city-retail-center-gets-97m-refi\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-06-03T10:45:18+00:00","article_modified_time":"2019-06-03T13:34:38+00:00","og_image":[{"width":890,"height":667,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/The-Gateway-Email-e1559337552626.jpg","type":"image\/jpeg"}],"author":"Holly Dutton","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/salt-lake-city-retail-center-gets-97m-refi\/","url":"https:\/\/www.commercialsearch.com\/news\/salt-lake-city-retail-center-gets-97m-refi\/","name":"Salt Lake City Retail Center Gets $97M Refi - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/salt-lake-city-retail-center-gets-97m-refi\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/salt-lake-city-retail-center-gets-97m-refi\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/The-Gateway-Email-e1559337552626.jpg","datePublished":"2019-06-03T10:45:18+00:00","dateModified":"2019-06-03T13:34:38+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/salt-lake-city-retail-center-gets-97m-refi\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/salt-lake-city-retail-center-gets-97m-refi\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/salt-lake-city-retail-center-gets-97m-refi\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/The-Gateway-Email-e1559337552626.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/The-Gateway-Email-e1559337552626.jpg","width":890,"height":667,"caption":"The Gateway. Image courtesy of HFF"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/salt-lake-city-retail-center-gets-97m-refi\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Salt Lake City Retail Center Gets $97M Refi"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d","name":"Holly Dutton","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75","caption":"Holly Dutton"},"description":"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2018 and has reported on the real estate sector since 2012. She was previously with Real Estate Weekly and the Houston Chronicle. Connect with her on twitter: @HollyDutton","url":"https:\/\/www.commercialsearch.com\/news\/author\/hollydutton\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/The-Gateway-Email-e1559337552626.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004328449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/745"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004328449"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004328449\/revisions"}],"predecessor-version":[{"id":1004328656,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004328449\/revisions\/1004328656"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004328452"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004328449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004328449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004328449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}