Chicago — Cohen Financial, a division of Truist Bank, has arranged a $45 million refinance loan for a 552,143-square-foot retail portfolio spanning Mississippi, North Carolina, Alabama, Ohio, Kentucky and Indiana. Dan Rosenberg and Matt Terpstra of Cohen’s Chicago office represented the borrower, Midland Atlantic Properties, in the loan transaction. Goldman Sachs provided the 10-year, fixed-interest-rate loan. Five of the six properties are grocery anchored.
The five grocery anchored properties in the portfolio are: Parkside Square, a 150,344-square-foot, Rouses Markets-anchored property located in Ocean Springs, Mississippi; Maysville Marketsquare, a 144,945-square-foot, Kroger-anchored property in Maysville, Kentucky; Pinecrest Pointe, an 89,224-square-foot, Food Lion-anchored property located in Raleigh, North Carolina; Valleydale Marketplace, a 67,853-square-foot, Walmart Neighborhood Market-anchored property located in Birmingham, Alabama; and Heritage Plaza, a 24,600-square-foot, Kroger-anchored property in Cincinnati. The portfolio also includes Putnam Plaza, a 75,177-square-foot, Tractor Supply Co.-anchored retail property located in Greencastle, Indiana.