Jerry Wise, of Holliday Fenoglio Fowler's Los Angeles office, arranged the fixed-rate, 10-year term loan on behalf of North Torrance Plaza, LLC, through JP Morgan Mortgage Capital, a conduit lender.
North Torrance Shopping Center is 100% leased with a tenant roster that includes How's Market, Sav-On Drugs, Starbucks, Ace Hardware, Blockbuster Video, Kragen Auto Parts and Washington Mutual Bank.
Holliday Fenoglio Fowler is the country's largest intermediary of capital for the commercial real estate industry. Last year was a record-breaking year for the firm, with $12.3 billion in business volume. Since 1997, the national mortgage banking firm's debt, equity/structured finance and investment sales transactions have totaled more than $50 billion.
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