$19M Finances Hopkins Retail Project

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SANTA CLARITA, CA-Hopkins Real Estate Group has secured $19.15 million in permanent financing for its 57,000-sf Highridge Crossing shopping center, according to Cohen Financial of Newport Beach. Cohen arranged the financing on behalf of Hopkins, an Irvine-based retail development specialist and retail center operator.

The $19.15 million in new debt repays a construction loan and provides permanent financing for the 57,474-sf community shopping center, according to Mark Strauss, managing director in Newport Beach for Cohen Financial. The center, which is anchored by Office Depot, is situated on a development site of 7.4 acres at the northeast corner of Newhall Ranch Road and Copperhill Drive.