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Bel Air, Md. — Marcus & Millichap Capital Corp. (MMCC) has arranged $3.9 million in financing for the acquisition of The Shoppes at James Run, a 13,189-square-foot retail property located in Bel Air, approximately 25 miles northeast of Baltimore. Jared Cassidy of MMCC secured the 7-year loan on behalf of a private client. The loan features a 5.64 percent interest rate and a 25-year amortization schedule.
The Shoppes at James Run features a mix of tenants including Starbucks Coffee, Chipotle Mexican Grill, Olive Garden, Longhorn Steakhouse, a café and an urgent care office.