Decron Buys San Diego Retail Center for $99M
Summary
The seller is Stockbridge Capital Group and the fully-leased center is anchored by Home Depot, Smart & Final, and CVS. The acquisition assumed the existing financing with New York Life Insurance Co. which was a below-market interest rate of 3.5% fixed for the remaining loan term. The multi-parcel make-up of the property provides Decron with the flexibility to sell individual parcels in the future. Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. Shes a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
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industries
Energy & Natural Resources
applications
Web and Content Management
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Software
SaaS
Copyright Licensing Software
Linked Companies
Copyright Clearance Center
$50M to $100M