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SAN FRANCISCO — CBRE has secured $8 million in acquisition and construction financing for Fulton Retail DE1 LLC. The borrower has acquired a site at 555 Fulton St. in San Francisco and plans to develop a Trader Joe’s grocery store on the site.
The 16,600-square-foot location may open by fall 2024.
Regina Wang, Connor Lemley, James Bach and Griffin Walker of CBRE arranged the 30-month, fixed-rate bridge loan for the borrower to acquire and build out the retail space.