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LOS ANGELES — PSRS has arranged a $40 million refinancing for La Alameda Shopping Center, a 244,554-square-foot retail plaza located in Los Angeles.
Kostas Kavayiotidis, Mike Davis and Jacob Lee secured the financing for the undisclosed borrower. The non-recourse loan features 10 years of interest-only payments.
Built in 2008, La Alameda Shopping Center consists of six one- and two-story building clusters offering a total of 226,826 square feet of retail space and 17,728 square feet of office space on 18.3 acres. The multi-tenant property also features pedestrian-friendly courtyards, plaza spaces, outdoor seating and a fountain.