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SANTA CLARITA, CA-Hopkins Real Estate Group has secured $19.15million in permanent financing for its 57,000-sf Highridge Crossingshopping center, according to Cohen Financial of Newport Beach.Cohen arranged the financing on behalf of Hopkins, an Irvine-basedretail development specialist and retail center operator.
The $19.15 million in new debt repays a construction loan andprovides permanent financing for the 57,474-sf community shoppingcenter, according to Mark Strauss, managing director in NewportBeach for Cohen Financial. The center, which is anchored by OfficeDepot, is situated on a development site of 7.4 acres at thenortheast corner of Newhall Ranch Road and Copperhill Drive.
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