December 17, 2015
Pacific Pearl Shopping Center, in Pleasanton, has received $50 million in financing that was brokered by Holliday Fenoglio Fowler (HFF). The project, under development by BHV Centerstreet Properties, will total 112,000 square feet.
A UBS Asset Management-advised joint-venture fund financed the project, while HFF also arranged a construction loan with Wells Fargo. This is the third transaction that HFF has done for BHV, raising a total of $210 million in capital.
Pacific Pearl Shopping Center will be anchored by Marina Food, a leading Asian-food grocery chain in the Bay Area, and will have a food court with international Asian cuisine. HFF Senior Managing Director Bruce Ganong managed the transaction.