Integra Negotiates $3.2 Million Loan for Acquisition of Shopping Center in Metro St. Louis

Orchards Shopping Center includes tenants such as Dollar General. Orchards Shopping Center includes tenants such as Dollar General.

Collinsville, Ill. — Integra Real Estate Capital has negotiated a $3.2 million non-recourse loan for the acquisition of Orchards Shopping Center in Collinsville, 15 miles east of St. Louis.

Dollar General, Asia Gardens and HSHS Medical Group anchor the 65,143-square-foot center. Meyer Perlman of Integra secured the 10-year, fixed-rate loan through a CMBS lender on behalf of the borrower, a New York-based investment group.

More News