Marathon Asset Management Provides $164M Loan To Stockdale Capital Partners For The Oaks Acquisition

The asset involved in this transaction is a retail property located at 350 West Hillcrest Drive in Thousand Oaks. The facility encompasses a total area of 1,200,000 square feet set on 85 acres. The acquisition includes a loan amount of $164,000,000, specifically designated for the acquisition of The Oaks, a shopping mall anchored by retailers such as Nordstrom, Dick’s Sporting Goods, and AMC.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $164,000,000
• Address: 350 West Hillcrest Drive
• Market: Thousand Oaks
• Asset Size: 1,200,000 SF
• Acres: 85
• Lender: Joseph Griffin - Marathon Asset Management
• Landlord: Steven Yari, Shawn Yari, Dan Michaels & Dennis Harris - Stockdale Capital Partners
• Brokers: Greg Stampley & Jessica Henning - Eastdil Secured
• Loan Type: Acquisition

Marathon Asset Management facilitated this financial arrangement with Joseph Griffin representing the lender. The landlord is a partnership between Stockdale Capital Partners members, Steven Yari, Shawn Yari, Dan Michaels, and Dennis Harris. Eastdil Secured’s Greg Stampley and Jessica Henning were instrumental in arranging the financing for this acquisition.