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LOS ANGELES — Buchanan Street Partners has provided a $12.9 million loan to Cadence Capital Investments for the purchase of five buildings on Sunset Boulevard in Hollywood.
The borrower is in pre-development to deliver a multi-story building on the property that is pre-leased to Gelson’s Market, an upscale regional grocer.
Scheduled to open in first quarter 2018, the new store location will be Gelson’s second in Hollywood.