Buchanan Street Provides $25M Refi for SoCal Retail Center
ByStater Bros. Plaza, a 73,641-square-foot grocery-anchored shopping center in Chino Valley, Calif., was 96 percent leased at the time of the financing.
Chino, Calif.—Buchanan Street Partners has provided a $25 million loan to Euclid Plaza LLC, for Stater Bros. Plaza. CBRE’s California office represented the borrower in the refinancing, while Buchanan Street represented itself. The transaction represents Buchanan Street’s largest bridge loan in the past years.
The property is located on Schaefer Avenue, at the intersection of Euclid and Fern Avenues. Built in 2008, the 73,641-square-foot Inland Empire retail center includes tenants such as Sprint, Subway and Teriyaki Madness. Stater Bros. Plaza is two miles from the 60 Freeway and the Chino Airport, the largest non-commercial airport within a 20-mile radius. The Los Angeles/Ontario International Airport is seven miles northeast…
Buchanan Street Provides $25M Refi for SoCal Retail Center
