SAN DIEGO, CA – HFF announced today that it has arranged $47 million in permanent financing for Liberty Station Marketplace, a premier 152,495-square-foot, dual grocery-anchored retail center in the Point Loma submarket of San Diego, California.
Working on behalf of The Corky McMillin Companies, HFF placed the loan with a major fund advisor.
Liberty Station Marketplace is located within the award-winning Liberty Station mixed-use development. The property was originally constructed in 1932 and was converted for retail and office use in 2007. Anchored by Vons and Trader Joe’s, the center is 93 percent leased and also features tenants including Starbucks, Sammy’s Woodfired Pizza, Five Guys, Verizon Wireless, Panera Bread, Cold Stone Creamery, Tender Greens and Luna Grill.
The 361-acre Liberty Station community includes 125 acres of parks and open space; shopping villages and restaurants; a 28–acre civic, arts and cultural district; the nine-hole Sail Ho Golf Club; two hotels; and six schools. Nearly 350 families now reside at the pedestrian-friendly Liberty Station and dozens of companies, with hundreds of employees, are doing business there. Please visit libertystation.comfor more information.
The HFF team representing the borrower was led by senior managing directors Tim Wright and Nick Psyllos and associate director Zack Holderman.
A long-standing commercial and residential owner and developer, The Corky McMillin Companies is the master plan developer of Liberty Station, an award winning adaptive reuse of the historic Naval Training Center. The Corky McMillin Companies is a fully-integrated real estate investment, land development and home-building company with more than 50 years of experience in San Diego. The former Naval Training Center was redeveloped by McMillin into its current mixed-use urban village that mixes homes with employment space, education, retail, recreation and entertainment.
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.