Rosemead shopping center lands $46M Wells Fargo refi

Another retail complex in Southern California has landed a refinancing package as the sector appears poised for a return to normalcy.  Rosemead Place, a 336,718-square-foot shopping center at 3506-3864 Rosemead Boulevard in Rosemead, received $46 million in fixed-rate, interest-only permanent financing from Wells Fargo, Commercial Observer reported.  The property is owned by MPM Partners, led by Herbert Yang, according to records cited by Commercial Observer. Rosemead Place, situated in the western San Gabriel Valley, is anchored by a Target and boasts tenants including L.A. Fitness, PetSmart, Ulta Beauty and Dollar Tree.  Retail landlords in the San Gabriel Valley are feeling […]

This article originally appeared on The Real Deal. Click here to read the full story.