$29.55 Million bridge loan secured for Ventura County neighborhood retail center
United States, Sept. 9 -- JLL Capital Markets announced that it has arranged $29.55 million in financing for Oliveira Plaza, a 116,035-square-foot neighborhood retail center in the Ventura County community of Port Hueneme, California.JLL worked on behalf of the borrower, Align REI, to secure the three-year bridge loan with a debt fund. Loan proceeds are being used to reposition a big box space at the property for a new Sprouts Farmers Market.Positioned on 9.34 acres at 693-749 Channel Islands Blvd., Oliveira Plaza is approximately 60 miles northwest of Los Angeles in the port city of Port Hueneme. The property sits at the intersection of W. Channel Island Blvd and Victoria Ave, busy thoroughfares that see more than 46,000 vehicles per day. ...
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