Donald Bren Of Irvine Company Secures $290 Million Refinance Loan From U.S. Bank For Retail Asset

The Market Place is a retail asset located at 2961 El Camino Real in Tustin, California. The property encompasses a significant 705,000 square feet, situated on 165 acres. A recent refinance loan has been secured for this asset, highlighting its value in the thriving retail market of Orange County.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $290,000,000
• Lender: U.S. Bank
• Landlord: Donald Bren - Irvine Company
• Loan Type: Refinance
• Market: Tustin
• Asset Size: 705,000 SF
• Acres: 165

In this transaction, U.S. Bank provided a permanent loan to Irvine Company for the refinancing of The Market Place. This financing arrangement reflects the robust lender confidence in the local retail sector, which is characterized by some of the lowest vacancy rates nationwide.