HFF Arranges More Than $50M in Financing for Retail Development

by Nellie Day

PLEASANTON, CALIF. — HFF has arranged equity and debt capital in excess of $50 million for Pacific Pearl Shopping Center, a shopping center under development in Pleasanton.

HFF worked on behalf of the developer, BHV Centerstreet Properties, to arrange a joint venture equity partnership with a fund advised by UBS Asset Management. Additionally, the firm secured a construction loan for the partnership through Wells Fargo Bank.

Situated at the intersection of Stonebrige Drive and El Charro Road, Marina Food, an Asian foods supermarket, will anchor the 112,000-square-foot retail center. The development will feature an international food court and dim/sum banquet restaurant, as well as a mix of traditional and Asian-oriented tenants.

Bruce Ganong, Nicholas Bicardo, Brandon Roth and Danny Reddin of HFF secured the financing for the developer.

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