JLL Secures $29.55 Million Bridge Loan for Oliveira Plaza Revitalization in Ventura County

Reuters

09/09

JLL Secures $29.55 Million Bridge Loan for Oliveira Plaza Revitalization in Ventura County

IRVINE, Calif., Sept. 8, 2025 - JLL Capital Markets has successfully arranged $29.55 million in financing for Oliveira Plaza, a 116,035-square-foot neighborhood retail center located in Port Hueneme, California. The bridge loan, secured on behalf of the borrower Align REI, will facilitate the repositioning of a big box space at the property for a new Sprouts Farmers Market. Oliveira Plaza, originally built in 1975, has maintained strong occupancy and tenant demand due to its prime location. The retail center is 80% leased with tenants like West Marine Products, Dollar Tree, and Bank of America. This transaction underscores the robust performance of the Oxnard/Port Hueneme retail submarket, which boasts a low vacancy rate of 5.9% as of Q2 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on September 08, 2025, and is solely responsible for the information contained therein.

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The bridge loan, secured on behalf of the borrower Align REI, will facilitate the repositioning of a big box space at the property for a new <a href=\"https://laohu8.com/S/SFM\">Sprouts Farmers Market</a>. Oliveira Plaza, originally built in 1975, has maintained strong occupancy and tenant demand due to its prime location. The retail center is 80% leased with tenants like West Marine Products, Dollar Tree, and Bank of America. This transaction underscores the robust performance of the Oxnard/Port Hueneme retail submarket, which boasts a low vacancy rate of 5.9% as of <a href=\"https://laohu8.com/S/QTWO\">Q2</a> 2025.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on September 08, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BLSP4239.USD","symbol_name":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250909:nNDL4mfdyd:1","article_id":"2566769405","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2566769405","pubTimestamp":1757419398,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"IRVINE, Calif., Sept. 8, 2025 - JLL Capital Markets has successfully arranged $29.55 million in financing for Oliveira Plaza, a 116,035-square-foot neighborhood retail center located in Port Hueneme, California. 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Oliveira Plaza, originally built in 1975, has maintained strong occupancy and tenant demand due to its prime location. The retail center is 80% leased with tenants like West Marine Products, Dollar Tree, and Bank of America. This transaction underscores the robust performance of the Oxnard/Port Hueneme retail submarket, which boasts a low vacancy rate of 5.9% as of Q2 2025.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on September 08, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}