$32 Million financing secured for Los Angeles' Crenshaw Plaza
United States, Feb. 14 -- JLL Capital Markets announced that it has secured a $32 million senior financing for Crenshaw Plaza, a 146,901-square-foot grocery-anchored retail center located in Los Angeles, California.JLL represented the borrower, a joint venture between the principals of 21 Alpha Group and Intelligent Design Real Estate, in arranging the three-year, floating-rate loan through Forbright Bank.Crenshaw Plaza is strategically located at 3210 W Slauson Ave., at the intersection of West Slauson Ave. and Crenshaw Blvd., which see a combined traffic volume of over 72,000 vehicles per day. The property is also adjacent to the Hyde Park Station on the new Metro Rail System, providing excellent accessibility.Originally built in 1967 and...
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