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$7.5-Mil Refinance Clears for Beachwalk Center

SAN DIEGO-The 53,183-sf Beachwalk Center along the Pacific Coast Highway has been refinanced to the tune of $7.5 million from First Union Capital Markets Group. The holding is well positioned in the costliest of San Diego's 27 retail submarkets.

By Connie Gore | Updated on July 24, 2001

SAN DIEGO-Trilogy Investment Group of Solana Beach has secured about $7.5million in a refinancing package for the nine-year-old Beachwalk Center, a 53,183-sf retail center located along Pacific Coast Highway.

Trilogy’s Generation Venture IV LLC is the borrower of record. Minneapolis-based NorthMarq Capital’s San Diego office arranged the financing through First Union Capital Markets Group. Dan McCarthy, NorthMarq vice president and senior producer, and Tony Petosa of Bloomfield Acceptance Co. structured the deal.

The fully leased Beachwalk Center, positioned at 437 S. Pacific CoastHighway, houses 33 tenants including California Pizza & Kitchen, Pacific Coast Grill, Dyson & Dyson, B&L TriSports Inc. and Case GroupArchitects. Built in 1992, the three-building, concrete-and-stucco retailcenter is positioned on a little more than three acres and features 296 parkingspaces.

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