Greater LA Retail Center Lands $125M Refi
ByFederal Realty has secured $125 million to refinance Plaza El Segundo, a 380,558-square-foot, high-quality retail center in El Segundo, Calif.’s South Bay community.
HFF arranged a 10-year, fixed-rate loan through PGIM Real Estate Finance for the company.
“Despite 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,” Kevin MacKenzie, HFF’s senior managing director, said in a prepared release. “There 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.”
The HFF debt placement team also included associate director Matthew Stewart…
