Vestar Secures $34 Million Refinance Loan From Voya Financial For Eastern Washington Place In Petaluma

The property asset involved is a retail center located at 401 Kenilworth Drive in Petaluma, California. This 205,958-square-foot retail space is situated on 20 acres and was built in 2013. Key tenants include Target, TJ Maxx, DICK’S, Sprouts, and PetSmart, serving a population of 68,500 people within a 5-mile radius.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $34,000,000
• Lender: Voya Financial
• Landlord: David Larcher - Vestar
• Loan Type: Refinance
• Asset Square Footage: 205,958 SF
• Property Acres: 20

David Larcher, representing Vestar, secured a refinancing loan from Voya Financial for the East Washington Place retail center. The transaction highlights the collaboration between Vestar and Voya Financial in enhancing the financial positioning of the property.