Property Enterprises I LP is borrowing the money through HellerFinancial and South Charles Investment Corp. American PropertyEnterprises, an affiliate of the general partner for the new owner, willmanage the properties and begin a three-year, $2.3-millionrehabilitation program.
The biggest single complex in the portfolio is Oceanside's 166,681-sf Rancho del OroBusiness Park. The other five are multitenant parks in the Miramar area: the 64,180-sf Cabot Plaza; the 49,600-sf Cabot Industrial Park; the 113,279-sf Foremost Business Park; the 70,098-sfBlack Mountain Plaza, and the 95,071-sf Black Mountain Commerce Park.
Mortgage banker Dwyer-Curlett is based in Los Angeles. Its LA and San Diego offices arranged the financing.
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