{"id":1004770929,"date":"2025-09-11T01:55:33","date_gmt":"2025-09-11T09:55:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004770929"},"modified":"2025-09-11T02:26:53","modified_gmt":"2025-09-11T10:26:53","slug":"vestar-lands-34m-refi-for-bay-area-retail","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/vestar-lands-34m-refi-for-bay-area-retail\/","title":{"rendered":"Vestar Lands $34M Refi for Bay Area Retail"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/East-Washington-Place-in-Petaluma-Calif.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004770933\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/east-washington-place-in-petaluma-calif-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/East-Washington-Place-in-Petaluma-Calif-edited.jpg\" data-orig-size=\"640,480\" 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;\\u00a9 Yardi Systems, Inc.&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;0&quot;}\" data-image-title=\"East Washington Place in Petaluma, Calif.\" data-image-description=\"&lt;p&gt;Image of East Washington Place in Petaluma, Calif., courtesy of Yardi Research Data.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Image of East Washington Place in Petaluma, Calif.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/East-Washington-Place-in-Petaluma-Calif-edited.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/East-Washington-Place-in-Petaluma-Calif-edited.jpg\" alt=\"Exterior shot of the PetSmart store at East Washington Place shopping center in Petaluma, Calif.\" class=\"wp-image-1004770933\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/East-Washington-Place-in-Petaluma-Calif-edited.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/East-Washington-Place-in-Petaluma-Calif-edited.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption class=\"wp-element-caption\">The 20-acre East Washington Place came online in 2013.<br><em>Image courtesy of Yardi Research Data<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Vestar has secured a $34 million refinancing loan for East Washington Place, a 205,958-square-foot retail center in Petaluma, Calif., according to Yardi Research Data information. Voya Financial provided the permanent note.<\/p>\n\n\n\n<p>East Washington Place came online in 2013 at 401 Kenilworth Drive and consists of 10 buildings across a 20-acre site, the same source shows. Anchored by a 138,000-square-foot Target, the property is also leased to TJ Maxx &amp; Home Goods, DICK\u2019S Sporting Goods, Sprouts Farmers Market, PetSmart and Bath &amp; Body Works.<\/p>\n\n\n\n<p>The retail center is just off California State Route 101 and 39 miles south of downtown San Francisco. East Washington Place is across the street from two other shopping centers, namely the 135,700-square-foot South Plaza and the 196,000-square-foot North Plaza.<\/p>\n\n\n\n<p>East Washington Place serves approximately 68,500 individuals within a 5-mile radius, as well as more than 26,500 households with average incomes of $158,720 per year, according to Vestar. The company owns another 37 retail properties in California, including 11 in the Bay Area.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.commercialsearch.com\/news\/retail-market-trends\/\">retail real estate landscape<\/a> is set to continue to transform due to scarce space, supply-chain disruption and inflation. These challenges have, however, driven adaptive responses, such as store reconfigurations that enable refreshed tenant mixes and higher rents. Flexibility has become crucial, alongside strategic location selection and cost control on insurance and capital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Voya Financial provided the note.<\/p>\n","protected":false},"author":3619,"featured_media":1004770933,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21742,21749,1609,15],"tags":[35655,41033],"class_list":["post-1004770929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-latest","category-retail","category-san-francisco","category-west","tag-vestar","tag-voya-financial"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vestar Lands $34M Refi for Bay Area Retail - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Vestar has secured a $34 million refinancing loan for East Washington Place, a 205,958-square-foot retail center in Petaluma, Calif.\" \/>\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\/vestar-lands-34m-refi-for-bay-area-retail\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vestar Lands $34M Refi for Bay Area Retail\" \/>\n<meta property=\"og:description\" content=\"Vestar has secured a $34 million refinancing loan for East Washington Place, a 205,958-square-foot retail center in Petaluma, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/vestar-lands-34m-refi-for-bay-area-retail\/\" \/>\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=\"2025-09-11T09:55:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-11T10:26:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/East-Washington-Place-in-Petaluma-Calif-edited.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Maria Maruta\" \/>\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\/vestar-lands-34m-refi-for-bay-area-retail\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/vestar-lands-34m-refi-for-bay-area-retail\/\",\"name\":\"Vestar Lands $34M Refi for Bay Area Retail - 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