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WEST HOLLYWOOD, CALIF. — Hollywest Promenade, a 120,173-square-foot retail center in West Hollywood, has received $27 million in financing. The promenade is located at the intersection of Hollywood Boulevard and Western Avenue just west of Highway 101. It is 95 percent leased to tenants like Ross Dress for Less, Ralph’s, Quizno’s Subs and Jamba Juice.
The 15-year, fixed-rate loan was arranged for Shooshani Developers, LLC by HFF’s Brad Black and Jeff Sause. It was placed with Aegon USA Realty Advisors, LLC, the commercial real estate investment and management arm of the AEGON Asset Management companies. Shooshani was represented by managing member Tony Shooshani.