LOS ANGELES—Holliday Fenoglio Fowler has secured $25.2 million in financing for the Ontario Gateway Center. The 10-building, 220,930-sq.-ft. retail center is located in Ontario, Calif.
HFF secured the loan through Deutsche Bank on behalf of an affiliate of Zelman Development Company and Grayburn Properties. The financing is a 10-year, 3.75 percent, fixed-rate loan.
Situated at 4420 Ontario Mills Parkway across from the Ontario Mills Mall, the shopping center is anchored by Toys “R” Us and Babies “R” Us. The property was built in 1999 on 22.9 acres.
HFF’s senior managing director Paul Brindley and real estate analyst Steven Paskhover worked together to secure the financing.