Karl Weidell Secures $25.17M Refinance For Garden Grove Plaza In Little Saigon

The Garden Grove Plaza, a neighborhood shopping center located at 13844 Brookhurst Street in Garden Grove, was the subject of a recent $25.17 million refinance deal. The plaza spans 134,364 square feet and sits on a 12-acre lot. Built in 1968, it is strategically positioned at a bustling intersection in Little Saigon and is home to a variety of tenants including Sushi Kura and Hoa Binh Supermarket.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $25,170,000
• Asset Type: Retail
• Address: 13844 Brookhurst Street
• Market: Garden Grove
• Loan Type: Refinance
• Loan Terms: Fixed-rate loan

Karl Weidell, a broker from NorthMarq's Los Angeles team, played a key role in securing the refinance for Garden Grove Plaza. Known for his expertise in the real estate market, Weidell successfully negotiated the fixed-rate loan for the property, ensuring a smooth financial transaction for the shopping center.