HFF Arranges $170 Million Refinancing for 33-Property Retail Portfolio in Northern California

SAN FRANCISCO--()--Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a $170 million refinancing for a retail portfolio of 33 high-performing, triple net leased, grocery retail properties totaling 1.73 million square feet in northern California.

HFF worked on behalf of the borrower, RMP Properties, LLC, to place the 10-year, fixed-rate loan with a consortium of CMBS lenders led by UBS. The securitized loan is being used to refinance an existing CMBS loan on the portfolio.

The portfolio is 100 percent absolute net leased under a master lease with The Save Mart Companies, one of the largest private regional grocers in California. The properties are either free-standing grocery stores or are the grocery anchor in multi-tenant retail centers and feature properties that are operated under well-known grocery brands Save Mart, Lucky, Lucky California and FoodMaxx. The portfolio properties are well-located in three primary northern California markets: San Francisco Bay Area, Sacramento and the Central Valley.

The HFF debt placement team was led by managing director Peter Smyslowski, director Chris Gandy and associate Rob Bova.

“The quality of the RMP assets from both an operational and geographical perspective was instrumental in the successful loan placement in a somewhat bearish retail financing environment,” Smyslowski said.

About RMP Properties, LLC

RMP Properties, LLC is a real estate holding company and an affiliate company of the tenant formed by the late Robert Piccinini, the son of one of the former founders and former chairman/CEO of Save Mart Supermarkets. The Save Mart Companies is a privately held grocery store chain headquartered in Modesto, California. The company owns and operates 207 grocery stores in Northern/Central California, Northern Nevada as well as in California's Central Valley and the San Francisco Bay Area.

About HFF

Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

Contacts

HFF
Peter Smyslowski, (415) 276-6300
CA Lic. # 01301231
HFF Managing Director
psmyslowski@hfflp.com
or
Kristen Murphy, (617) 338-0990
HFF Director, Public Relations
krmurphy@hfflp.com

Release Summary

HFF has arranged a $170 million refinancing for a retail portfolio of 33 high-performing, triple net leased, grocery retail properties totaling 1.73 million feet in northern California.

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Contacts

HFF
Peter Smyslowski, (415) 276-6300
CA Lic. # 01301231
HFF Managing Director
psmyslowski@hfflp.com
or
Kristen Murphy, (617) 338-0990
HFF Director, Public Relations
krmurphy@hfflp.com