PCCP Provides $36 Million Refinancing for Village Market in Chicago

Mariano’s Fresh Market anchors Village Market in the Lakeshore East neighborhood of Chicago. Mariano’s Fresh Market anchors Village Market in the Lakeshore East neighborhood of Chicago.

Chicago — PCCP has provided a $36 million senior loan for the refinancing of Village Market, a 102,224-square-foot shopping center located in the Lakeshore East neighborhood of Chicago.

The borrower is a joint venture between Magellan Development Company and Hanwha Engineering and Construction. A 56,000-square-foot Mariano’s Fresh Market anchors the 87 percent leased property, which is also home to tenants including several restaurants, a medical office and nail salon. Terms of the loan were undisclosed.

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