CBRE Capital Markets arranged $27 million of Freddie Mac financing for the purchase. The loan has a 10-year term and a 3.5 percent fixed interest rate.
96.5 percent occupied. Kennedy Wilson financed its purchase with a $68.1 million mortgage from Freddie Mac that pays a fixed coupon of 3.69 percent for 10 years.
Restoration Hardware leases 160,000 sf, and Sweet Paper Sales Corp. occupies 60,000 sf.
Macy's, Sears, JC Penney, Mervyn's; non-anchor (412,000 sf) tenants do $335/sf in sales; 87% occupied
built in 2002; fully leased to Walgreens, Office Depot, Starbucks and Mattress Discounters