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Taylor Square
FinanceNewsOhio

JLL Secures $43.6 Million Financing for Two Shopping Centers in Metro Columbus

by Abby Cox

Reynoldsburg and Dublin, Ohio — JLL Capital Markets has secured two loans totaling $43.6 million for the financing of shopping centers located in the Columbus suburbs of Ohio. DLC Management Corp. is the borrower. The properties include Taylor Square in Reynoldsburg and Tuttle Crossing in Dublin. Built in 2000 and renovated in 2023, Taylor Square totals 378,102 square feet. Walmart Supercenter anchors the 48.3-acre property. Other tenants at the center — which was 99.7 percent leased at the time of sale — include Marshalls, JOANN, Dollar Tree and Bath & …

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FinanceMixed-useNewsNorth Carolina

JLL Facilitates $191 Million Loan for Fenton Mixed-Use Development in Cary, North Carolina

by Abby Cox

Cary, N.C. — JLL Capital Markets has facilitated a $191 million mortgage loan for Fenton, a mixed-use development located in Cary, roughly 12 miles west of downtown Raleigh. The property includes 246,000 square feet of retail space, 183,000 square feet of office space and an apartment community — The Allison at Fenton — comprising 367 multifamily units. Chip Sykes and Kelsey Bawcombe of JLL secured the loan on behalf of the borrower, a partnership between Hines, Affinius Capital and Columbia Development. New York Life Real Estate Investors provided the mortgage financing.

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Cahaba Crossing
AlabamaFinanceGrocery-anchoredNews

CBRE Secures $15 Million Refinancing for Shopping Center in Birmingham, Alabama

by Abby Cox

Irondale, Ala. — CBRE has secured a $15 million loan to refinance Cahaba Crossing, a 67,874-square-foot shopping center located in the Birmingham suburb of Irondale. Construction of the property was completed in 2023. A 48,837-square-foot Publix supermarket anchors the property. The 9.8-acre property, which is fully leased, comprises 10 tenants including The UPS Store, Starbucks Coffee and Heartland Dental. Additionally, there is a 1.45-acre outparcel reserved for future development. Carmel, Indiana-based 40|86 Advisors provided the five-year fixed-rate, interest-only loan. Richard Henry, Mike Ryan, Brian Linnihan and JP Cordiero of CBRE …

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Valor Acres
DevelopmentFinanceMixed-useNewsOhio

BGL Real Estate Secures Financing for Mixed-Use Project in Brecksville, Ohio

by Abby Cox

Brecksville, Ohio — Brown Gibbons Lang & Co. (BGL) has secured development financing for the second phase of Valor Acres, a mixed-use project located in Brecksville, approximately fifteen miles south of Cleveland. BGL secured the financing on behalf of the developer and borrower, DiGeronimo Cos. in the transaction. Upon completion, the second phase will comprise 70,000 square feet of retail and entertainment space, 44,000 square feet of office space, 221 apartment units, a 700-space parking garage and an on-site safety station. Fifth Third Bank and First Commonwealth Bank provided the senior …

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JOANN
Company newsFinanceNew YorkNews

JOANN Files for Second Chapter 11 Bankruptcy

by Abby Cox

New York City — Fabrics and crafts retailer JOANN, which operates roughly 800 stores in 49 states, has filed for Chapter 11 bankruptcy protection, marking its second filing within a year. JOANN first filed for bankruptcy in March 2024. According to a statement issued by the company, JOANN has faced “significant and lasting challenges in the retail environment,” as well as “constrained inventory levels.” The retailer’s current debt totals $615 million, according to CNN. The company is now planning to sell all its assets, with Gordon Brothers Retail Partners — …

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The Markets at Town Center
FinanceFloridaGrocery-anchoredInvestment salesNews

Kimco Realty Acquires 254,000-Square-Foot Shopping Mall in Jacksonville, Florida

by Abby Cox

Jacksonville, Fla. — Kimco Realty has acquired The Markets at Town Center, a 254,000-square-foot shopping mall located in Jacksonville, for $108 million. Sprouts Farmers Market anchors the property, which was built in 2008. Other tenants at the center, which was 97 percent leased at the time of sale, include Ulta Beauty, Cooper’s Hawk Winery & Restaurant, Five Below, REI, J. Crew, Ballard Designs, Nordstrom Rack, DXL Big & Tall, Gen Korean BBQ House and Chipotle Mexican Grill. Kimco acquired the property through its Structured Investment Program, which provides mezzanine financing …

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Harbour Lake Plaza
FinanceGrocery-anchoredInvestment salesNewsSouth Carolina

Marcus & Millichap Arranges $8 Million Sale of Retail Center in Metro Charleston

by Abby Cox

Goose Creek, S.C. — Marcus & Millichap has arranged the $8 million sale of Harbour Lake Plaza, a 62,198-square-foot retail center located in Goose Creek, roughly 20 miles outside Charleston. Food Lion anchors the center, which occupies 51 percent of the property. The center was 97 percent leased at the time of sale to tenants including Rent-A-Center, Cricket Wireless and H&R Block. David Gant and Lori Schneider of Marcus & Millichap represented the seller, a private investor, in the transaction. Ani Paulson and Allyssa Paragano of The AP Group procured …

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The-Oaks_Thousand-Oaks-Calif
CaliforniaFinanceNews

Marathon Asset Management Provides $164 Million Acquisition Financing for Shopping Mall in Thousand Oaks, California

by Abby Cox

Thousand Oaks, Calif. — Marathon Asset Management has provided a $164 million mortgage loan for the acquisition of The Oaks, a shopping mall located in Thousand Oaks, roughly 38 miles west of Los Angeles. Stockdale Capital Partners is the borrower. Nordstrom, Dick’s Sporting Goods and AMC Theatres anchor the 1.2 million-square-foot property, which is situated on 85 acres. Other tenants at the center include Apple, Anthropologie, Zara, H&M and Arhaus. Joseph Griffin of Marathon originated the loan. Greg Stampley and Jessica Henning of Eastdil Secured arranged the financing on behalf …

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CaliforniaDevelopmentFinanceNews

BWE Secures $20 Bridge Loan for Outparcel Redevelopment in Merced, California

by Abby Cox

Merced, Calif. — BWE has secured a $20 million bridge loan to finance the redevelopment of an outparcel adjacent to Marketplace at Merced in Merced. Sears formerly occupied the 85,000-square-foot property. The project will include a complete interior renovation, as well as the addition of two pad sites totaling 6,164 square feet. The redevelopment was fully preleased at the time of financing. Tenants at the property will include Ulta Beauty, Five Below, Petco, Rack Room Shoes and Burlington Coat Factory. Mike Guterman of BWE arranged the 30-month loan on behalf …

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ConnecticutFinanceGrocery-anchoredNewsVermont

Cronheim Secures $9 Million Refinancing for Shopping Centers in Vermont, Connecticut

by Abby Cox

Derby, Vt. and Wallingford, Conn. — Cronheim Mortgage has secured two loans totaling $9 million for the refinancing of shopping centers located in Vermont and Connecticut. National Realty & Development Corp. (NRDC) is the borrower. The properties include Shaw’s Plaza in Derby, Vermont, and Kohl’s Plaza in Wallingford, Connecticut. Built in 1968, Shaw’s Plaza totals 80,193 square feet. Shaw’s Supermarket anchors the property. Other tenants at the center include Dollar Tree and Maurice’s. Cronheim arranged a 10-year loan for the property. Kohl’s and Aldi anchor Kohl’s Plaza, which totals 159,600 …

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