PALO ALTO, CA—CBRE CapitalMarkets' Debt & Structured Finance team has arranged$16 million in non-recourse financing for Edgewood PlazaShopping Center, a 35,000-square-foot retail center inPalo Alto.
John Nelson ofCBRE's San Francisco office arranged the financing on behalf of theborrower, a Sand Hill Property Company affiliate.The financing was provided by a Wall Street lender and was used torefinance the property.
Of the financing, Nelson commented,"Edgewood Plaza's infill location in Palo Alto—with high barriersto entry—led to a fast leasing of the center. This, combined withSand Hill's development expertise, led to very favorable long-termfinancing.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
