Westlake Office/Retail Portfolio

Jul 28, 2015


A 4-property portfolio, consisting of Gresham Station Shopping Center, a 300,000 square foot big box retail center anchored by Best Buy, Borders, Old Navy, Bed Bath & Beyond, and Cost Plus World Markets; Gresham Station North, a 145,000 square feet newly-


Gresham Station Shopping Center and Gresham Station North located in Gresham, OR; City Center West located in Las Vegas, NV; and 8801 Horizon Way located in Albuquerque, NM


One lender provided separate loans for each property which totaled $97.4 MM. The 60% LTV loans were fixed at a sub 95 spread over the 10-year Treasury, and accommodated a 100% rollover in the Albuquerque building coming due in 3 years.

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