Robert Khodadadian – Commercial Observer

A retail center in the northwestern part of Greater Los Angeles has bagged $84.7 million in refinancing two years after it was renovated.

An affiliate of Beverly Hills-based Maxxam Enterprises secured the financing with TerraCotta Credit Fund for Janss Marketplace, a 456,390-square-foot, grocery-anchored retail center in Thousand Oaks, Calif. JLL announced the financing and represented the borrower.

Janss Marketplace is 90 percent occupied and attracts 4 million visitors per year, according to the brokerage. It’s anchored by an Aldi grocery store and also includes Ulta Beauty, Petco, Old Navy, Five Below and Gold’s Gym

It’s at 165-401 North Moorpark Road near the 101 freeway. The retail center was built in phases from 1959 to 1999, and renovated in 2007 and 2020, according to the JLL team of Matt Stewart, Alethia Halamandaris and Chris Jaffe. 

“Janss Marketplace is located in one of the strongest submarkets in Southern California and will be one of the premier mixed-use destinations in the region,” Stewart said in a statement. “This was an amazing execution in today’s market environment; we worked with TerraCotta to structure a bespoke financing solution that met all of the sponsor’s objectives.”

Since its start in 1979, Maxxam has acquired or developed more than 200 properties totaling over 4 million square feet in California, Hawaii and other parts of the Western U.S. Earlier this month, CO reported Maxxam sold a 104,267-square-foot industrial property in Thousand Oaks to research lab HRL Laboratories for $39.8 million.

Gregory Cornfield can be reached at gcornfield@commercialobserver.com.

A retail center in the northwestern part of Greater Los Angeles has bagged $84.7 million in refinancing two years after it was renovated. An affiliate of Beverly Hills-based Maxxam Enterprises secured the financing with TerraCotta Credit Fund for Janss Marketplace, a 456,390-square-foot, grocery-anchored retail center in Thousand Oaks, Calif. JLL announced the financing and representedRead MoreChannel, Finance, Refinance, 165-401 North Moorpark Road, Aldi, Alethia Halamandaris, Chris Jaffe, Five Below, Gold’s Gym., HRL Laboratories, Janss Marketplace, JLL, Matt Stewart, Maxxam Enterprises, Old Navy, Petco, TerraCotta Credit Fund, Ulta Beauty  Commercial Observer Read More 

Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.

Robert Khodadadian, properties, ground leases, ground lease, off market, investment sales, khodadadian, Commercial Real Estate Sales, Commercial Observer, Retail For Lease, Commercial Observer,

Commercial Office Lease

.com/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ua14a2da476cf00b7f4a8453ffe31c7e4:hover .ctaButton { background-color: #141414!important; } .ua14a2da476cf00b7f4a8453ffe31c7e4 .centered-text { display: table; height: 80px; padding-left: 18px; top: 0; } .ua14a2da476cf00b7f4a8453ffe31c7e4 .ua14a2da476cf00b7f4a8453ffe31c7e4-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ua14a2da476cf00b7f4a8453ffe31c7e4:after { content: ""; display: block; clear: both; }
See also  Robert KhodadadianRobert KhodadadianRobert Khodadadian – SkySong’s sixth building to break ground after leases are signed, developer says – Rob… – Robert Khodadadian

Leave a Reply

Your email address will not be published. Required fields are marked *