San Francisco (April 9, 2012) – Cohen Financial, a national real estate capital services firm, today announced that it has secured a $7.95 million refinancing of the Canyon Creek Plaza Shopping Center, a high-profile grocery anchored retail property in the upscale Silver Creek area of San Jose, California. Canyon Creek Plaza, a 58,215 square-foot center is anchored by a New Leaf Community Markets, a regional natural foods store based in Santa Cruz, California.
Kenneth M. Fox, CCIM, a Managing Director in Cohen Financial’s San Francisco office, originated the transaction and secured the fixed rate financing. The lender was a life insurance company. The borrower is a Santa Clara County-based real estate investor/developer group. The transaction closed in March 2012.
“This is a stunning property and features the only food-anchored center in this upscale community” said Mr. Fox. “We brought value to the client by securing extremely competitive terms.”
About Cohen Financial
Cohen Financial is a diversified, commercial real estate capital services firm offering debt and equity placement, investment brokerage, loan administration and advisory services. Marking 34 years of capital markets experience in 2012, the company is well recognized as one of the nation’s leading loan servicers and special servicers, as well as an originator of commercial and multifamily real estate financing. Cohen Financial serves clients throughout the U.S. from offices in 9 major markets.
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