Wednesday, May 7, 2025
Read the Digital Magazines
Subscribe

Finance

Saks 5th Avenue
CaliforniaFinanceNews

Gantry Arranges $20 Million Recapitalization for Beverly Hills Saks 5th Avenue Location

by Julia Sanders

Beverly Hills, Calif. — Gantry has secured $20 million to recapitalize the signature Beverly Hills location of Saks 5th Avenue. The loan was originated with one of Gantry’s correspondent life insurance company lenders and secured on behalf of the private client property owner. Situated on Wilshire Boulevard, the property is a landmark location for the luxury retailer. Saks 5th Avenue men’s and bridal departments occupy the entire building, while the remaining departments are located in Saks’ separate building immediately east across Bedford Drive. The subject property also includes an adjacent …

Continue Reading
0 FacebookTwitterLinkedinEmail
Rolling Hills
ArizonaFinanceInvestment salesNews

KeyBank Secures $11.4 Million Acquisition Financing for Retail Property in Tucson, Arizona

by Julia Sanders

Tucson, Ariz. — KeyBank Real Estate Capital has secured $11.4 million in acquisition financing for Rolling Hills Square, a 114,102-square-foot shopping center anchored by Fry’s grocery store in Tucson. The property includes six buildings and a vacant parcel. The financing, which was secured on behalf of Portal Investment Management, includes an initial funding of $9.8 million and a future funding of $1.6 million. The future funding will be used for tenant and capital improvement expenses as Portal Investment Management repositions the property. The loan is structured with a three-year, interest-only …

Continue Reading
0 FacebookTwitterLinkedinEmail
Freys Hill Retail Center
FinanceKentuckyNews

NorthMarq Secures $10.5 Million Acquisition Financing for Freys Hill Retail Center in Louisville, Kentucky

by Julia Sanders

Louisville, Ky. — NorthMarq has secured $10.5 million in acquisition financing for Freys Hill Retail Center, a 58,726-square-foot retail property located at 10220 Westport Road in Louisville. The fully-occupied center is anchored by PetSmart and home to tenants including Half Price Books, Party City and Starbucks Coffee. The fixed rate loan was structured with a 10-year term on a 25-year amortization schedule with two years interest-only. Randall Waddell of NorthMarq arranged financing for the buyer, Compass Capital LLC of Lexington, through its relationship with a local bank.

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceIllinoisInvestment salesNews

Stream Capital Partners Arranges $29 Million Sale-Leaseback of Texas Restaurant Portfolio

by Julia Sanders

Chicago — Chicago-based Stream Capital Partners LLC has arranged a $29 million sale-leaseback of a portfolio of nine quick service restaurants located throughout Texas. Palenque Group, which operates 34 restaurants throughout the state under the Taco Palenque, Pollo Palenque and Palenque Grill brands, was the seller and will continue to occupy the properties. The buyer was not disclosed. Chelsea Mandel of Stream Capital Partners brokered the deal.

Continue Reading
0 FacebookTwitterLinkedinEmail
Midtown Exchange
DevelopmentFinanceNewsNorth Carolina

Avison Young Secures $40 Million Financing for Midtown Exchange Project in Raleigh

by Julia Sanders

Raleigh, N.C. — Avison Young has secured a $40 million senior loan to fund the pre-development activities and horizontal infrastructure construction for Midtown Exchange, a $1 billion mixed-use development underway in Raleigh. The developer of Midtown Exchange, Dewitt Carolinas, received the funding for the 353,000-square-foot office tower. Wes Boatwright, Mike Yavinsky and Jon Goldstein of Avison Young led the financing transaction through an undisclosed lender. At full buildout, Midtown Exchange will include 790,000 square feet of Class A office space, 1,275 residential units, 300 seniors housing units, 300 hotel rooms, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Retail Center
FinanceIndianaInvestment salesNews

Mag Mile Capital Arranges $5.7 Million Acquisition Loan for Indiana Retail Center

by Julia Sanders

Munster, Ind. — Mag Mile Capital has arranged a $5.7 million loan for the acquisition of an 18,440-square-foot retail center in Munster, about 30 miles southeast of Chicago. Situated at 8201-8231 Calumet Ave., the property is leased to a mix of national and local retailers, including Target, Starbucks Coffee and Panera Bread. Prabhat Jayara of Mag Mile arranged the five-year, fixed-rate loan on behalf of Translucence Management. A local bank provided the loan, which features a 75 percent loan-to-value ratio, an interest rate of 4.25 percent and a 25-year amortization …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNewsWashington

NorthMarq Arranges $14.5 Million Refinancing for Lakeland Commons Retail Suburban Seattle

by Julia Sanders

Auburn, Wash. — NorthMarq has secured $14.5 million in refinancing for Lakeland Commons Retail, a shopping center located at 1502 Lake Tapps Parkway SE in the Seattle suburb of Auburn. The 10-year loan features a 30-year amortization schedule. Walgreens is a tenant at the 35,000-square-foot strip retail center. Bob Spiro and Scott Moline of NorthMarq’s regional Seattle office secured the refinancing.

Continue Reading
0 FacebookTwitterLinkedinEmail
Retail Portfolio
FinanceIllinoisNews

JLL Arranges $197 Million Refinancing for 10-Property Retail Portfolio

by Julia Sanders

Chicago — JLL Capital Markets has arranged $197 million in senior debt for the refinancing of a 10-property retail portfolio totaling over one million square feet. The portfolio is located in metropolitan areas surrounding Baltimore, Maryland; Chicago; San Diego; Los Angeles; San Francisco; Seattle; and Washington, D.C. Tarik Bateh, Greg Brown, Bruce Ganong, Keith Largay, Chris Hew and Drew Heitstuman of JLL secured 10 independent first mortgage loans on behalf of the borrower, an existing co-investment partnership managed by Regency Centers Corp. Financing was provided by Hartford Investment Management Co. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Stirling Square
FinanceFloridaNews

Aztec Group Secures $7.6 Million Refinancing for South Florida Shopping Center Leased to Aldi, 7-Eleven

by Julia Sanders

Dania Beach, Fla. — Aztec Group Inc. has arranged a $7.6 million loan for the refinancing of Stirling Square, a 25,515-square-foot shopping center located in Dania Beach. Located at 700 Stirling Road, the property is ground-leased to a 22,000-square-foot Aldi and a 3,515-square-foot 7-Eleven. Howard Taft and Joel Zusman of Aztec Group originated the financing through an unnamed life insurance company based in Idaho on behalf of the borrower, an affiliate of Salzman Real Estate Advisors. The 15-year loan featured a fixed interest rate below 3.8 percent and was structured …

Continue Reading
0 FacebookTwitterLinkedinEmail
Nashville West
FinanceNevadaNewsTennessee

NorthMarq Secures Financing for Two Retail Properties in Tennessee, Nevada

by Julia Sanders

Nashville, Tenn. and Reno, Nev. — Ron Reese of NorthMarq has secured financing for two retail properties in Tennessee and Nevada through Genworth Financial. The first property, Nashville West Outparcels, consists of seven parcels with 14 buildings totaling 77,275 square feet. The property was refinanced for $21.5 million. Nashville West Outparcels is 93 percent leased to tenants including McDonalds, Firestone, Starbucks Coffee, Chipotle Mexican Grill, Outback Steakhouse and GameStop. The second retail property, Pavilions Retail Center in Reno, received a 20-year, $11.5 million financing. The 76,954-square-foot center is home to …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts