Mar
16

George Smith Partners Secures Refi for SoCal Retail Center

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The firm has arranged a $30 million loan for Plaza de Hacienda, a 156,000-square-foot property anchored by Food 4 Less.
Plaza de Hacienda, La Puente, Calif.
Plaza de Hacienda, La Puente, Calif.

Los Angeles—George Smith Partners has secured $30 million in refinancing for Plaza de Hacienda, a 156,000-square-foot grocery-anchored retail center in the La Puente submarket of Los Angeles. The financing was arranged by Shahin Yazdi, principal & managing director for George Smith Partners .

The sponsor, Optimus Properties LLC, had requested a fixed-rate loan with the goal of refinancing its maturing loan for this regional retail center. The sponsor plans to perform capital improvements as needed, and maintain the retail center as a high-profile, cash-flowing asset…

George Smith Partners Secures Refi for SoCal Retail Center

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