LOS ANGELES- Shooshani Developers LLC has secured at $27 million loan for the Hollywest Promenade, a 120,173-square-foot shopping center in Hollywood. The company received a 15-year, fixed rate loan AEGON USA Realty Advisors LLC, a commercial real estate division of AEGON Asset Management.
Located on Western Avenue at Hollywood Boulevard, the property currently has 95% occupancy. Tenants include Ross Dress for Less, Ralph's, Quizno's Subs and Jamba Juice. The loan will be used to pay off existing financing.
HFF helped to secure the loan in an effort led by managing director Brad Black and senior real estate analyst Jeff Sause.
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