REBusinessOnline

NorthMarq Capital Arranges $44.5M Financing for Millenia Town Center in Chula Vista

CHULA VISTA, CALIF. — Mike Dobbins of NorthMarq Capital’s San Diego office has arranged $44.5 million in financing on behalf of Sudberry Properties. The borrower is using the capital to build Millenia Town Center, a 128,177-square-foot retail property located at the southeast corner of Highway 125 and Birch Road in Chula Vista.

The capital consisted of a construction loan from a bank and preferred equity from a life insurance company for whom NorthMarq is a correspondent. Major tenants on the property will include Buy Buy Baby, Ross Dress for Less, Homegoods and Cost Plus.

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‣ Walker & Dunlop

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