SAN YSIDRO, CA-HFF says it has secured $40 million in financing to develop a 140,000-square-foot retail outlet center along the U.S./Mexico border here.

Slated for completion in October 2014, the Outlets at the Border is currently under construction and pre-leasing to retailers.

The newly-constructed outlets will be the most proximate stores to the San Ysidro Port of Entry, including the new pedestrian border crossing, slated to open in 2015, and is adjacent to the new vehicle entry into Mexico known as El Chaparral, which opened in November 2012. The San Ysidro Port of Entry is the busiest crossing in the world with approximately 100 million crossings per year including more than 26 million pedestrians.

Working exclusively on behalf of The Shamrock Group, LLC, HFF placed the $40 million construction loan with Canyon Capital Realty Advisors.

The Outlets at the Border will be the final phase of the Las Americas Master Plan that includes the development of approximately 800,000 square feet of retail space.

The HFF team representing the Shamrock Group, LLC was led by managing director Aldon Cole and senior managing director Tim Wright.

“The Outlets at the Border will become the new front door to the United States and the highly successful Las Americas retail commerce area. We are excited to bring a variety of new, top quality retailers into this exceptionally vibrant retail environment that has continued to thrive with consistent high levels of traffic, top of industry sales volumes and low vacancies,” said Randy Levinson of Shamrock Group.