PSRS Secures $40 Million Refinance Loan For La Alameda Shopping Center In Walnut Park

The property asset involved in this transaction is La Alameda Shopping Center, located at 2140 East Florence Avenue in Walnut Park. The retail center spans 245,000 square feet and sits on an 18.3-acre site. The center includes six buildings and features major tenants such as Ross, CVS, Marshalls, and Petco.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $40,000,000
• Loan Type: Refinance
• Loan Terms: 10-year, nonrecourse
• Date: 05/30/2025
• Broker Representatives: Jacob Lee, Kostas Kavayiotidis & Mike Davis - PSRS- Pacific Southwest Realty Services

This deal was facilitated by the brokerage firm PSRS- Pacific Southwest Realty Services, represented by Jacob Lee, Kostas Kavayiotidis, and Mike Davis. They secured a $40 million nonrecourse CMBS loan with a 10-year term to refinance the retail center.