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. 

Featuring:
Jason Kahn
Senior Vice President
Origination
(917) 363-5437
[email protected]
Thomas Wayda
Senior Vice President
Underwriting and Loan Placement
(212)612-0206
[email protected]
Read Article
Recent Articles | Back to News

EverWest Purchases New Jersey Industrial Asset for $62M

Article
April 19, 2022

Parkview Financial Provides $207M for NYC Hudson Hotel Conversion

Article
April 19, 2022

Betesh of Meridian Capital Group Arranges $400 Million Recapitalization and Redevelopment Financing for the Hudson Hotel in New York, NY

Article
April 19, 2022

Parkview Financial Provides $92M Construction Loan for Brooklyn Office Building

Article
April 19, 2022

Capital One Lends $315M on Multifamily Portfolio

Article
April 19, 2022

Meridian Capital Group Arranges Full Capital Stack Involving Sale and Financing of the Arches in the Bronx, NY

Article
April 19, 2022