Columbus Pacific Properties has obtained $39.9 million for the refinancing of Orangefair Marketplace, a 244,000-square-foot retail center located in Fullerton, Calif. Morgan Stanley provided the funds, retiring existing debt.
A Walker & Dunlop California Capital Markets team, led by Directors Riley Manke and Andrew Westling worked to procure the loan, which was originated in September. The new financing will mature in 2028, according to CommercialEdge data.
The same source shows that the owner, a Los Angeles-based investment and development firm, purchased Orangefair Marketplace in 2002 for $31.5 million. SRS Real Estate Partners Managing Principal Terrison Quinn, Senior Vice President Casey Mahony and Senior Associate Tony Vuona oversee leasing at the property.
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