Tuesday, October 12, 2010
LOS ANGELES, CA – The Los Angeles office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $10.5 million refinancing for Haven Village (top left photo), a 45,697-square-foot retail strip center in Rancho Cucamonga, California.
HFF director Chris Vittetoe (middle right photo) and senior managing director Paul Brindley (bottom left photo) worked on behalf of the borrower to secure the five-year, fixed-rate loan through Ladder Capital Finance.
The securitized loan refinanced an existing CMBS loan.
Haven Village is located at 6311, 6321, 6331, 6371 Haven Avenue directly off Interstate 210 in northern Rancho Cucamonga. The property is 83% leased and shadow-anchored by Von’s and Trader Joe’s.
“Haven Village benefits from being the only retail option north of the 210 Freeway in an affluent neighborhood of Rancho Cucamonga. The retail center includes strong demand drivers and is highly accessible,” said Vittetoe.
Christopher Vittetoe, HFF Director, (310) 407-2100, firstname.lastname@example.org
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500, email@example.com