CBRE Capital Markets’ Debt and Structured Finance team has secured $15 million in refinancing for Lincoln Square Shopping Center, a 44,438-square-foot grocery-anchored shopping center located at 4100 Redwood Rd. in Oakland. The non-recourse loan was provided by an undisclosed lender with a 10 year term and interest only payments on behalf of the California based private retail real estate operating company who owns the property.
Shaun Moothart, Bruce Francis, Doug Birrell and Bob Ybarra were involved in arranging this financing during a volatile time for capital markets. “We are pleased to have advised our institutional sponsor on the execution of this financing,” said Moothart.
Situated on 4 acres within Oakland hills area, Lincoln Square Shopping Center is anchored by Safeway along with CVS Pharmacy Peet’s Coffee Jamba Juice and UPS Store as tenants across three buildings comprising 14 suites total that underwent extensive redevelopment & modernization back 2019 .
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