Meridian Capital Group

Citi, Wells Fargo Provide $84M in Financing for Lifestyle Power Center in California

April 19, 2022

Tower Investments has landed $84 million in acquisition financing for Nut Tree Plaza, a lifestyle power center in Vacaville, Calif., Commercial Observer has learned. Citigroup and Wells Fargo provided the loan.

Meridian Capital Group arranged the 10-year interest-only loan with a team led by Jason Kahn and Thomas Wayda.

Located at 1661 East Monte Vista Avenue, the 370,575-square-foot power center includes 68 tenants such as Best BuyNordstrom RackHomeGoodsMichael’sPetSmartOld Navy, Cost PlusFive BelowUlta, BevMo and Kirklands. 

Nut Tree Plaza has signed over 200,000 square feet of combined new leases and renewals since 2020, according to Jason Kahn.

“It was a pleasure to work with the deal teams at Citigroup and Wells Fargo, who both persevered through unprecedented geopolitical events and volatile interest rate market conditions to deliver our client a best-in-market execution,” Kahn said in a prepared statement. 

Read Article
Recent Articles | Back to News

Meridian Secures $41M Hollywood Financing

Article
April 19, 2022

2024 Top Broker Awards

Article
April 19, 2022

Deutsche Bank Refis Charlotte Mixed-Use Tower With $72M Loan

Article
April 19, 2022

Meridian Arranges Asian Fusion Lease in East Village

Article
April 19, 2022

Team Betesh Arranges $68 Million in Construction Financing for a Multifamily Property in Brooklyn, NY

Article
April 19, 2022

Meridian Arranges $68M Financing for Brooklyn MF Property

Article
April 19, 2022