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Denton, Texas — Berkadia has arranged $30 million in financing for Denton Center, a 314,157-square-foot retail center located in Denton.
Joseph Hevey Jr. of Berkadia worked on behalf of the borrower, RPI Denton Center Ltd., to secure the 10-year, fixed-rate loan through Goldman Sachs. Loan proceeds will be used to refinance existing debt and for the expansion of tenant Movie Tavern.
Other Tenants at the 95 percent occupied center include Kroger Signature, Planet Fitness, Drug Emporium and Sally Beauty Supply.