NorthMarq Secures $65 Million Loan For Murrieta Town Center On Behalf Of U.S. Realty Partners

The property asset involved in the transaction is a retail center located at 39815-39855 Alta Murrieta Drive & 40461-40489 Murrieta Hot Springs Road in Murrieta, California. The asset spans a total of 380,137 square feet and is situated on 36.36 acres. It is currently owned by U.S. Realty Partners and features a grocery-anchored power center that attracts approximately 3.8 million annual visits, benefiting from significant visibility along Interstate 215.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $65,000,000
• Loan Amount: $65,000,000
• Loan Terms: three-year
• Market: Murrieta
• Landlord: U.S. Realty Partners
• Brokers: Bryan Ley, Tim Kuruzar, Joe Giordani & Alex Kane - NorthMarq

Northmarq was responsible for arranging the recapitalization and financing for Murrieta Town Center, bringing in Arc Capital Partners as a new joint venture partner. Notably, the center was refurbished in 2022 and is anchored by popular retailers including Amazon Fresh, Marshalls, and Burlington.