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COSTA MESA, CALIF. — Bristol Village Plaza, a 125,000-square-foot shopping center in Costa Mesa, has received $7.7 million in CMBS financing. The plaza is located at 270 Bristol Street. Notable tenants include McDonalds and Del Taco. Starbucks is in the process of building out its store and obtaining final city approvals as well.
The 10-year CMBS loan features a fixed rate of 4.74 percent and full-term, interest-only payments. It will be used to refinance the property. The loan was negotiated by Seth K. Grossman and Andy Strauss of Meridian Capital Group on behalf of The Festival Companies.