July 21, 2016
RedMill Capital secured $38.6 million in financing that will allow it to begin development on The Shoppes at Livermore in Livermore, CA. The Summit, a NJ-based CRE company, plans to break ground on the 120,000-square-foot retail center in fall 2016.
The developer is seeking to bring discount clothing retailers, quick service food and sit down restaurants to the Tri-Valley project, as well as incorporating a new connection to the Arroyo Trail. The 13-acre site is located directly across from Livermore Outlet Center, one of the most successful centers in the country.
The loan was secured through Galveston, TX-based American National Insurance Co. Colliers International’s Stephen Rusher and Julie Taylor are handling the leasing assignment.
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