LOS ANGELES, CA - December 4, 2014 – HFF announced today that it has arranged a $23.5 million financing for Mason Devonshire Plaza, a 78,794-square-foot retail center anchored by Trader Joe’s in Chatsworth, California. HFF worked exclusively on behalf of the borrower, Agora Realty & Management, Inc., to secure the 10-year, fixed-rate loan through Ladder Capital Finance. HFF is also servicing the loan, which was used to buy out the borrower’s institutional equity partner. Mason Devonshire Plaza is located at 10330 Mason Avenue, approximately 1.3 miles from the Ronald Reagan Freeway in Chatsworth, a neighborhood in the San Fernando Valley north west of Los Angeles. The center was most recently renovated in 2004 and, in addition to Trader Joe’s, tenants of the 100-percent leased center include Smart & Final and Kahoots. The HFF team representing the borrower was led by senior managing director Kevin MacKenzie, managing director Brad Black and real estate analyst Benjamin Gallant. Agora Realty & Management, Inc. is a leading West Coast full-service real estate development firm headquartered in Sherman Oaks, California. Founded in 1986, the company has achieved an impressive track record for its comprehensive in-house expertise, team-centric culture, and strong partnerships. Agora currently owns and is developing property in California, Nevada and Hawaii. Agoraproperty.com HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF).  HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.    News Source : HFF arranges $23.5 million financing for San Fernando Valley retail center

4 Dec 2014