CBRE Secures $20 Million Acquisition Loan for Jamboree Promenade Shopping Center in Irvine

CorePower Yoga, The Melting Pot and Daily Grill are tenants at Jamboree Promenade in Irvine. CorePower Yoga, The Melting Pot and Daily Grill are tenants at Jamboree Promenade in Irvine.

Irvine, Calif. — CBRE has arranged a $20 million refinancing for Jamboree Promenade, a shopping center located at 2626-2646 Dupont Drive in Irvine.

Pole Capital USA, the U.S. division of a Singaporean real estate investment company, is the borrower. The property was purchased earlier this year for $42.5 million in all cash, and the debt financing will recapitalize the site.

The 56,878-square-foot shopping center is 97 percent occupied by tenants including CorePower Yoga, The Melting Pot and Daily Grill. Shaun Moothart, Bruce Francis, Dana Summers, Bob Ybarra and Doug Birrell of CBRE’s Debt and Structured Finance team arranged the seven-year loan for the borrower.

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