In February 2017, Emerald Creek Capital provided a $3,900,000 loan in La Quinta, California. The subject property is comprised of four interior land parcels totaling 228,324 SF within the One Eleven La Quinta Shopping Center. Some of the anchor tenants include Kohl’s, Petco, Staples, Ross and Big 5. Most of the national tenants have been operating at the center for over 10 years. The property’s location is considered to be the strongest retail corridor in the Coachella Valley. Its proximity to Highway 111 allows for exposure to approximately 70,000 vehicles traveling through daily.
For more information, please contact:
Mike Cleaver, Managing Director