March 18, 2016
Holliday Fenoglio Fowler, L.P. (HFF) secured a $22.75-million refinancing for The Plaza at the Border, a 98,120-square-foot retail center along the U.S./Mexico border in San Ysidro.
HFF marketed the property on behalf of the borrower, The Shamrock Group, LLC, to place the three-year, floating-rate loan with NorthStar Real Estate Income II, Inc.
Completed in 2012, The Plaza at the Border is home to national and regional tenants, including T.J. Maxx, Ross Dress for Less, Vitamin Shoppe, Fashion Q, Rue 21 and Ulta Beauty. The property is located at 3951-3975 Camino De La Plaza, adjacent to The Outlets at the Border, and The Las Americas Premium Outlets.
HFF’s Aldon Cole and Tim Wright represented the borrower in the transaction.