Finance

Gene Autry Plaza
CaliforniaFinanceGrocery-anchoredNews

Slatt Capital Arranges $12 Million in Refinancing for Multi-Tenant Retail Center in Palm Springs, California

by Abby Cox

Palm Springs, Calif. — Slatt Capital has arranged a $12 million loan to refinance Gene Autry Plaza, a 60,629-square-foot multi-tenant retail center located in Palm Springs. Michael Kaplan and Andrew Friedeberg of Slatt Capital arranged the five-year permanent loan — which was structured with a 30-year amortization schedule — through a life insurance company on behalf of the unnamed borrower. Smart & Final Extra! anchors Gene Autry Plaza, which was built in 2009. Additional tenants at the property include Staples, Sports Clips, Goody’s Café, Panera Bread, Firehouse Subs and Five Guys.

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700-West-Big-Beaver-Road
FinanceInvestment salesMichiganNews

MMCC Arranges $25 Million Acquisition Loan for Retail Property in Troy, Michigan

by Abby Cox

Troy, Mich. — Marcus & Millichap Capital Corp. (MMCC) has arranged $25 million in financing for the acquisition of a 62,364-square-foot retail property in Troy. Todd Phillips of MMCC arranged the loan through a national bank. It features a seven-year term, 6.1 percent interest rate and 30-year amortization period. The property, located near I-75, is home to several national restaurants and retailers.

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Valley Central Shoppes
CaliforniaFinanceNews

Gantry Arranges $31 Million Loan to Refinance Retail Center in Lancaster, California

by Abby Cox

Lancaster, Calif. — Gantry has arranged a $31 million permanent loan to refinance the Valley Central Shoppes, a 174,000-square-foot inline retail center located in the Antelope Valley submarket of Lancaster. The property is a component of a larger master-planned power center. Following the property’s acquisition in late 2025, the borrower secured a new lease with Boot Barn to backfill vacant space, as well as renewal agreements with other tenants. Current retailers and restaurants at the property include Staples, Marshall’s, Five Below, Planet Fitness, Starbucks Coffee, Jersey Mike’s Subs, Black Angus Steakhouse, …

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FinanceKentuckyMixed-useNews

Newmark Arranges $104 Million Recapitalization of Fritz Farm in Lexington, Kentucky

by Abby Cox

Lexington, Ky. — Newmark has arranged the $104 million recapitalization of Fritz Farm, 52-acre lifestyle center under development in Lexington. Chris Kramer and Dan Axelson of Newmark secured the senior loan through funds managed by Blackstone, while Conor Lalor of Newmark represented Hendricks Commercial Properties (HCP), who purchased the property in 2025. The transaction adds Kimco Realty as a preferred equity investor in the property. Beloit, Wisconsin-based HCP is investing $14.1 million to expand the retail offerings at Fritz Farm, which will add more than 30,387 square feet of new shopping …

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FinanceNew JerseyNews

JLL Arranges $14.1 Million Financing for Springfield Plaza Retail Center in Northern New Jersey

by Abby Cox

Springfield, N.J. — JLL Capital Markets has arranged $14.1 million in financing for the acquisition of Springfield Plaza, a 72,120-square-foot retail center located in Springfield, about 20 miles west of New York City. Max Custer, Gerard Quinn and Matthew McManus of JLL arranged the fixed-rate loan through a regional bank on behalf of the borrower, Adoni Property Group. Developed in 1980, Springfield Plaza was 97 percent leased at the time of sale to 17 national and regional tenants across food-and-beverage, education, government services, recreation and specialty retail uses. The 7-acre property …

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568-Broadway-Manhattan
FinanceMixed-useNew YorkNews

Walker & Dunlop Arranges $216 Million Loan for Refinancing of Manhattan Retail, Office Building

by Abby Cox

New York City — Walker & Dunlop has arranged a $216 million bridge loan for the refinancing of 568 Broadway, a 390,745-square-foot office and retail building in Manhattan’s SoHo neighborhood. The 12-story building’s retail component totals 70,870 square feet retail and was fully leased at the time of the loan closing to tenants such as Hugo Boss, Athletic Propulsion Labs, GU and Equinox. Office users include Zocdoc, The Farmer’s Dog and Milk Makeup. Aaron Appel, Dustin Stolly, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Jordan Casella and Stanley Cayre …

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FinanceMissouriNews

CBL Properties Receives $135 Million Refinancing for St. Louis Mall

by Abby Cox

St. Louis — CBL Properties has received a $135 million refinancing of its mortgage loan for West County Center, a 1.2 million-square-foot regional mall located in St. Louis. The new loan, which replaces an existing $136.4 million loan that was scheduled to mature in December, carries a five-year term with a fixed interest rate of 7.4 percent.  After repayment of the maturing loan and the release of existing escrow balances, CBL received roughly $2 million in net proceeds from the new financing. The financing also removes the cash management sweep associated …

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baggage-building
FinanceInvestment salesNewsTennessee

BWE Arranges $42.5 Million Loan to Refinance Historic Baggage Building in Nashville, Tennessee

by Abby Cox

Nashville, Tenn. — BWE has arranged a $42.5 million loan to refinance the historic Baggage Building, a 61,000-square-foot office and retail property located at 111 10th Ave. S. near Nashville’s Gulch district. Nick Harb of BWE secured the financing through a regional bank on behalf of the borrower, DZL Properties. The loan features a “meaningful” interest-only payment period. The Baggage Building was originally built between 1898 and 1900 as part of the Louisville-Nashville Railroad/Union Station terminal complex used to handle luggage and freight. Renovated in 1999, tenants at the four-story …

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Soundview-Marketplace
FinanceNew YorkNews

PEBB, Sagamore Hill Receive $26.8 Million Refinancing for Soundview Marketplace in Port Washington, New York

by Abby Cox

Port Washington, N.Y. — PEBB Enterprises and Sagamore Hill Partners have received a $26.8 million loan to refinance Soundview Marketplace, a 188,109-square-foot shopping center located on Long Island’s North Shore in Port Washington. Built in 1962 and 1977, the property comprises four buildings and is situated on nearly 11 acres. The center is occupied by tenants including Target, T.J. Maxx, Walgreens, Five Below, Ace Hardware, Crumbl Cookies and Starbucks Coffee. The Training Station Athletic Club will open a 22,100-square-foot location at the property in November in a space formerly occupied by a movie …

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Kimco-JV-Retail-Portfolio
ArizonaCaliforniaFinanceGeorgiaGrocery-anchoredNews

JLL Arranges $154.1 Million in Financing for Six-Property Retail Portfolio Spanning Three States

by Abby Cox

California — JLL has arranged $154.1 million in financing for a six-property, 1.3 million-square-foot retail portfolio spanning California, Arizona and Georgia. Chris Drew, John Marshall, Wells Waller, Jarrod Howard, Gabriel Davenport and Preston Bacon of JLL secured financing for the borrowers, Kimco Realty Corp. and an institutional joint venture partner advised by J.P. Morgan Asset Management. The portfolio includes Morena Plaza in San Diego, Rancho San Diego in El Cajon, and Vail Ranch Plaza and Redhawk Towne Center in Temecula, California; North Decatur Station in Decatur, Georgia; and The Summit at …

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