CBRE Arranges $8M Acquisition, Construction Financing for Trader Joe’s Development in San Francisco

by Amy Works

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.

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