LOS ANGELES - HFF announced today that it has secured $9 million in financing for Santa Maria Commerce Center, a 65,911-square-foot neighborhood retail center in Santa Maria, California.
HFF worked on behalf of Santa Maria Commerce Center to secure the 10-year, 4.81 percent fixed-rate loan through Wells Fargo Bank. Proceeds were used to refinance maturing debt on the property.
Santa Maria Commerce Center is located at 230-340 East Betteravia Road between U.S. Highway 101 and Broadway Street in Santa Maria. The property is 85 percent leased and includes tenants such as Pier 1 Imports, Chipotle, Panda Express, Supercuts and Avenue. Additionally, the center is shadow-anchored by Ross Dress for Less and 99 Cents Only and is situated directly across from Target.
The HFF team was led by managing director Brad Black and real estate analyst Benjamin Gallant.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff.