San Diego-Area Power Center Receives $92M RefiBy
San Diego—United American Properties Inc. and World Premier Investments Inc. have received $92 million in refinancing for Grand Plaza, a 356,796-square-foot retail power center with a grocery anchor in San Marcos, Calif.
HFF secured a 25-year, fixed-rate loan with JP Morgan Asset Management for the development partnership.
Anchored by Sprouts Farmers Market, the 94-percent-leased Grand Plaza is also home to 40 retailers, including Orchard Supply Hardware, Bed Bath and Beyond, Ross Dress for Less, Marshalls, Boudin Bakery, Lane Bryant, Party City, Broken Yolk Café, Starbucks and Ulta Beauty, as well as the only Nordstrom Rack in North County San Diego. Grand Plaza also features many restaurants including Elephant Bar, Sammy’s Woodfire Pizza, Broken Yolk Cafe and Love Boat Sushi…
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