CBRE Arranges $43M Refinancing for 116,403 SF Retail Center in Carlsbad

Bressi Ranch Village Center is 97 percent occupied by 30 tenants, including Stater Bros. and Trader Joe’s. Bressi Ranch Village Center is 97 percent occupied by 30 tenants, including Stater Bros. and Trader Joe’s.

Carlsbad, Calif. — CBRE Capital Markets’ Debt & Structured Finance team has arranged a $43 million loan for Cornerstone Real Estate Advisers LLC to refinance Bressi Ranch Village Center, a retail center in Carlsbad.

Michael Riccio and Mark McGovern of CBRE’s San Diego office secured the long-term, fixed-rate loan for the borrower. The 116,403-square-foot center is 97 percent occupied by 30 tenants, including Stater Bros. and Trader Joe’s.

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