Owners of the Grand Plaza retail center in San Marcos have obtained $92 million in refinancing, according to Holliday Fenoglio Fowler LP (HFF), which arranged the financing.
The 356,796-square-foot retail power center, at 101-197 S. Las Posas Road, is owned by United American Properties Inc. and World Premier Investments Inc., both of Newport Beach. The property is 94 percent leased, with tenants including Sprouts Farmers Market, Nordstrom Rack, Orchard Supply Hardware, Bed Bath and Beyond, Ross Dress for Less, and Marshalls.
An HFF team led by John Chun, Sebastian Trujillo and AJ Manas placed a 25-year, fixed-rate loan with J.P. Morgan Asset Management.
