LOS ANGELES – HFF announced today that it has secured $27 million in financing for Hollywest Promenade, a 120,173-square-foot retail center in the West Hollywood submarket of Los Angeles, California.
HFF worked on behalf of Shooshani Developers, LLC to secure the 15-year, fixed-rate loan with Aegon USA Realty Advisors, LLC, the commercial real estate investment and management arm of the AEGON Asset Management companies.
Hollywest Promenade is located at the intersection of Hollywood Boulevard and Western Avenue just west of Highway 101. Built in 2002, the property is 95 percent leased to tenants such as Ross Dress for Less, Ralph’s, Quizno’s Subs and Jamba Juice.
The HFF team was led by managing director Brad Black and senior real estate analyst Jeff Sause. Shooshani Developers was represented by managing member Tony Shooshani.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 21 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.comor follow HFF on Twitter at www.twitter.com/hff.