Optimus Properties has secured $21.5 million financing of Juanita Tate Marketplace, a 77,096-square-foot grocery-anchored retail center located in Los Angeles.
JLL represented the borrower in arranging the five-year loan through institutional investors advised by J.P. Morgan Asset Management.
Juanita Tate Marketplace is a high-performing retail center anchored by Northgate Market, which occupies 55 percent of the gross leasable area. The property is 100 percent leased to a diverse mix of tenants, including CVS, Panda Express, Starbucks and Chase Bank. Built in 2014, the center has maintained an average occupancy above 95 percent since its opening.
