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Wednesday, July 14, 2010

Net Lease Property Refinanced in Redondo Beach

Los Angeles, California - Net Lease Properties has news today that HFF secures $8.6 million refinancing for Kohl’s in Redondo Beach, California.
The Los Angeles office of HFF mentioned that it has secured post-closing acquisition financing of $8.6 million for an 82,957-square-foot Kohl’s at the South Bay Galleria in Redondo Beach, California.

The Commercial Real Estate Loan has terms with a five-year, fixed-rate loan with Nationwide Life Insurance Company. The client purchased the property in July 2009 for $17.25 million.
This Commercial Real Estate is a two-story property. This property is located at 1799 Hawthorne Boulevard and is part of the 950,000-square-foot South Bay Galleria regional mall in Redondo Beach.
This Shopping Center is located in the middle of the South Bay, the property is close to the 405 Freeway and affluent beach cities. Kohl’s Net Leases the entire property through January 2028.

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If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, Shopping Centers or Net Lease Properties then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a new property.



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