William Gerrity Of Gerrity Group Secures $35.66M Loan From New York Life For Retail Center

The property involved in this transaction is Conejo Valley Plaza, located at 1388-1416 North Moorpark Road in Thousand Oaks. The retail asset encompasses 128,243 square feet and spans 12.27 acres. The property features a grocery anchor, Ralphs, and additional tenants such as Toppers Pizza. It was built in 1983 and underwent renovations in 2005, benefiting from strong highway visibility that supports its value-add strategy.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $35,661,000
• Lender: New York Life
• Landlord: William Gerrity - Gerrity Group
• Brokers: Matt Radichof & Mason Brower - NorthMarq
• Loan Type: Bridge
• Loan Terms: five-year, interest-only

This transaction highlights the key individuals and companies involved in the financing arrangement, with NorthMarq playing a crucial role in arranging the $35.661 million bridge financing deal for the retail center.