Greater LA Retail Center Lands $125M Refi

Federal Realty is using the loan for Plaza El Segundo, a 380,558-square-foot shopping mall comprising 13 buildings in the South Bay community.

Federal Realty has secured $125 million to refinance Plaza El Segundo, a 380,558-square-foot, high-quality retail center in El Segundo, Calif.’s South Bay community.

Plaza El Segundo
Plaza El Segundo

HFF arranged a 10-year, fixed-rate loan through PGIM Real Estate Finance for the company.

“Despite some recent headwinds in the retail market, this transaction is a great example of the availability of capital for premiere retail properties with best-in-class sponsorship,” Kevin MacKenzie, HFF’s senior managing director, said in a prepared release. “There was strong interest in the opportunity given the A-plus location and tenant line-up, and it was a true team effort from all parties to get the most efficient capital in place for the asset plan.”

The HFF debt placement team also included associate director Matthew Stewart…

Greater LA Retail Center Lands $125M Refi


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