GE provides $55m for refinancing of 156,552 s/f retail community center

Chula Vista, CA GE Real Estate has provided a $55 million loan to Sudberry Properties to refinance its existing debt on Village Walk at EastLake, a retail community center. Sudberry constructed the open-air community center in 2006/2007 and has leased it to 92% occupancy. It has 156,552 s/f of rentable space and is anchored by Henry's Marketplace, Borders Bookstore, Petco, Pier 1 Imports and Trader Joes.