TRC Recapitalizes Target-Anchored Retail Center In La Cañada Flintridge For $34.6M

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Summary of transation details:

• Property Type: Retail
• Transaction Amount: $36.4 million
• Address: 935 Foothill Boulevard
• Market: La Cañada Flintridge
• Loan Amount: $34,600,000
• Loan Type: Recapitalization
• Loan Terms: seven-year, full-term interest-only loan
• Brokers: Bruce Francis, Doug Birrell, Jim Korinek, Nick Santangelo, Robert Ybarra & Shaun Moothart - CBRE

The transaction was facilitated by CBRE for TRC to recapitalize the purchase. The retail center houses a mix of national and local tenants including HomeGoods, Panera Bread, and Habit Burger. Jim Korinek, one of the brokers representing the landlord in the deal, played a key role in the transaction.