Suburban LA Retail Center Gets $35M Refi

The Vineyards at Porter Ranch. Image courtesy of Northmarq

Northmarq has secured a $35 million refinancing for The Vineyards at Porter Ranch, a 203,172-square-foot grocery-anchored retail center in Porter Ranch, Calif. The 10-year, permanent-fixed loan has a 3-year amortization schedule.

Ory Schwartz, Northmarq’s senior vice president and managing director of the Los Angeles office, arranged the financing through a life insurance company.

Located at 20039-20209 Rinaldi St., just off the Ronald Reagan Freeway, the open-air mall is anchored by a Whole Foods Market location and has a diverse mix of tenants, including shops, restaurants, movie theaters, luxury apartments and a hotel. Some of the retailers at the property are ULTA Beauty, Mayweather Boxing + Fitness, Spectrum, Rare Fine Jewels, YOGASIX, AMC and Extra Urgent Care.

The dining options at the shopping mall are Chipotle, Habit Burger, Finney’s Crafthouse & Kitchen, Gus’s BBQ, Lure Fish House, LA Popular, Jersey Mike’s and Silverlake Ramen.

Green initiative in LA suburb

Completed in 2019, the property has achieved LEED Gold certification. The Vineyards at Porter Ranch features 120 electrical vehicle charging stations, clean air vehicle parking stalls and 110 bicycle storage lockers and racks.

Among the property’s sustainable features are reflective roofing materials designed to reduce building heat absorption and a storm water-capture system that recycles water for irrigation purposes. According to the property’s website, 16 percent of the site’s expected electrical consumption is offset by photovoltaic solar systems, while 85 percent of construction waste was diverted from landfills for reuse and a full 100 percent of the interior finishes have low levels of volatile organic compounds to reduce indoor air contamination.