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Boardwalk Investments Secures $110M for OC Retail Portfolio

The firm used the financing the buy a 12-property portfolio of primarily class-A anchored and high street retail properties.

Boardwalk Investments Group has secured $110 million in acquisition financing to buy a 12-property retail portfolio in Orange County. The portfolio includes class-A anchored and high street retail property in Newport Beach, Laguna Beach, Yountville and Corona Del Mar, California.

The three-year, floating-rate loan was placed with H.I.G. Realty Partners and has two one-year extension options. Key assets within the portfolio include a CVS-anchored shopping center located at 30814-30936 Pacific Coast Highway in Laguna Beach; a Pavilions-anchored shopping center located at 3100-3152 Newport Blvd. on the Balboa Peninsula in Newport Beach; a high-street retail shopping center located at 2902 West Coast Highway in Newport Beach; a fine dining retail asset located at 6725 Washington Street in Yountville (Napa); and multiple coastal assets in Newport Beach.

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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