Lewisville, Texas — Axiom Capital Corp. has arranged a $6.4 million permanent, fixed-rate loan for the acquisition of a single-tenant retail property located in Lewisville, roughly 30 miles northwest of Dallas. A specialty grocer occupies the 48,427-square-foot building, which is situated on 3.2 acres.
Farmington, Mo. — Axiom Capital Corp. has arranged a $3 million fixed-rate permanent loan for the refinancing of a freestanding single-tenant retail building located in Farmington. Built in 2016, the property comprises a 51,373-square-foot building with 162 parking spaces on 3.9 acres.
Clifton Park, N.Y. — Axiom Capital Corp. has arranged a $38.5 million loan for the acquisition of a retail center located in Clifton Park. Comprising six buildings located on five parcels, the property was fully leased at the time of financing to 64 tenants. The borrower was not disclosed.
Brookfield, Wis. — Bellwether Enterprise Real Estate Capital (BWE) has arranged a $6.2 million loan for the acquisition of Shoppes of Brookfield Commons, a retail center located in the Milwaukee suburb of Brookfield. The two-building property totals 42,356 square feet. At the time of loan closing, the center was 54 percent leased. Ryan Morris of BWE arranged the loan on behalf of the borrower, CapRock Real Estate. Ameritas Investment Partners provided the three-year loan, which features a fixed interest rate along with $1 million of future funding for capital improvements …
Roswell, Ga. — iBorrow has provided a $15.6 million loan for the acquisition of a retail center located in Roswell, roughly 20 miles north of Atlanta. Totaling 56,921 square feet, the property is leased to 13 tenants. The borrower was not disclosed.
Paramus, N.J. — JLL Capital Markets has arranged a $290 million loan for the refinancing of Bergen Town Center, a 1 million-square-foot shopping center in the Northern New Jersey city of Paramus. Whole Foods Market and Target anchor the property, which was originally built in 1957. Currently, Bergen Town Center is 97 percent leased by more than 70 retail tenants. Notable retailers include Ulta, Chase Bank, Kohl’s, Marshalls, HomeGoods, Burlington, Nike, H&M, CVS and Ruth’s Chris Steak House. The weighted average remaining lease term is 6.8 years, and the weighted …
Newport Beach, Calif. — RA Centers has arranged $72 million for the refinancing of a portfolio comprising four shopping centers. Located in Redlands, California, the first property, Orange Street Plaza, totals 155,000 square feet. Vons, Trader Joes, Office Depot and U.S. Bank anchor the center, which was 99 percent occupied at the time of financing. The second property, Front Gate Plaza, is located in Lancaster, California, and comprises 150,000 square feet. Stater Brothers, Goodwill, Wells Fargo, McDonalds, Taco Bell and The Habit anchor the center, which was 90 percent occupied …
Northbrook, Ill. — Envoy Net Lease Partners has provided a $4.1 million loan for the construction of a single-tenant property located in Ohio. Ralph Cram of Envoy arranged the financing on behalf of the borrower, Caliber Collision.
Mentor, Ohio — Eastern Union has arranged $11 million in financing for the acquisition of two shopping centers located in Mentor, a northeast suburb of Cleveland. Together the properties total 312,866 square feet, with Erie Commons comprising 232,386 square feet and Great Lakes Plaza featuring 80,480 square feet. Marc Tropp of Eastern Union secured the financing through First Bank on behalf of the borrower, America’s Realty LLC. The overall purchase price for the two properties was $14.6 million.
New York City — Northmarq has arranged $22 million for the refinancing of Village Greens Shopping Center in New York City. Built in 1989, the 75,697-square-foot property is anchored by Key Food Supermarket, CVS/pharmacy and JP Morgan Chase Bank. Robert Delitsky and Dylan Hamer of Northmarq secured the permanent-fixed rate loan through Nationwide Life Insurance Co. on behalf of the borrower.
