The property involved in this transaction is a 363,582-square-foot retail center located at 1688 Perris Boulevard in Perris. Wood Investments, owned by Patrick M. Wood, is the landlord of the Plaza de Perris, which is undergoing expansion to include a Target store. The retail center is already 99% leased and features tenants such as Ross Dress for Less, Ulta Beauty, Burlington Coat Factory, Planet Fitness, and Five Below.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $66,500,000
• Loan Type: Construction Loan
• Brokers: Josh Boehling & Tom Kenny - Bellwether Enterprise (BWE)

Bellwether Enterprise (BWE), represented by Josh Boehling & Tom Kenny, secured a $66.5 million construction loan for Wood Investments' expansion of Plaza de Perris. This financing will facilitate the addition of a Target store to the retail center, further enhancing the diverse tenant mix that includes popular brands like Ross Dress for Less, Ulta Beauty, and Burlington Coat Factory.