11.25.2008
Giving Thanks: Bay Area Shopping Center Closing
Pass the stuffing… Capital Pacific is thankful for the closing of Mountain Shadows Plaza, a 77,751 square foot grocery-anchored center in Rohnert Park, CA (the third largest city in Sonoma County).
The neighborhood center is attractive, well maintained, and conveniently located near Highway 101, and featured attractive assumable CMBS debt. Even so, Capital Pacific’s valiant escrow team had to navigate through the financial uncertainty of the past few months, which made the loan assumption particularly challenging.
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