Regions West | San Diego
June 20, 2008
Permanent financing to the tune of $62 million has been put in place for 4S Commons Town Center, a 265,600-square-foot retail property in Rancho Bernardo, Calif. CBRE Capital Markets orchestrated the transaction on behalf of property owner Regency Centers. The financing came in the form of a nine-year interest-only loan through Allianz of America. Located about a half-hour from San Diego, 4S Commons is a class A property with Ralphs grocery store and Bed Bath & Beyond serving as anchor tenants. The shopping center presently has an occupancy level of 99.5 percent.
Permanent financing to the tune of $62 million has been put in place for 4S Commons Town Center, a 265,600-square-foot retail property in Rancho Bernardo, Calif. CBRE Capital Markets orchestrated the transaction on behalf of property owner Regency Centers. The financing came in the form of a nine-year interest-only loan through Allianz of America. Located about a half-hour from San Diego, 4S Commons is a class A property with Ralphs grocery store and Bed Bath & Beyond serving as anchor tenants. The shopping center presently has an occupancy level of 99.5 percent.
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