The property asset involved in this transaction is Oliveira Plaza, a retail center located at 693-749 Channel Islands Boulevard in Port Hueneme, CA. The asset spans 116,035 square feet and is situated on a 9.34-acre lot. The transaction involved a bridge loan of $29,550,000, facilitating the repositioning of the retail center with plans for the addition of a Sprouts Farmers Market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $29,550,000
• Loan Type: Bridge
• Loan Terms: three-year
• Landlord: Align REI
• Brokers: Greg Brown, Spencer Seibring & Nick Englhard - JLL
• Market: Port Hueneme

The JLL Capital Markets team, comprising Greg Brown, Spencer Seibring, and Nick Englhard, arranged the financing for Align REI. Their expertise facilitated this transaction aimed at enhancing Oliveira Plaza's market presence through strategic improvements.