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Cushman & Wakefield Arranges $72.5 Million Construction Loan for Retail Redevelopment in Roxbury, New Jersey

Roxbury, N.J. — Cushman & Wakefield has arranged a $72.5 million construction loan for the redevelopment of The Shops at Ledgewood Commons, a retail center in Roxbury, located about 40 miles west of New York City. Santander Bank provided the

…

  • September 11, 2019

Berkadia Secures $18.9 Million CMBS Financing for Two Retail Properties in Metro San Antonio, Dallas

Garland, Texas — Berkadia has arranged CMBS financing totaling $18.9 million for two retail properties near San Antonio and Dallas. The financing included a $15.4 million, 10-year loan that Argentic provided for Courtyard Plaza, a retail strip center located at 155

…

  • September 9, 2019

NorthMarq Arranges $8.4 Million Refinancing of Retail Center Near St. Louis

Alton, Ill. — NorthMarq has arranged an $8.4 million loan for the refinancing of Alton Corners Shopping Center in Alton, about 15 miles north of St. Louis. The 50,063-square-foot retail center is located at 309-319 Horner M Adams Parkway. Tenants

…

  • September 9, 2019

Cronheim Mortgage Arranges $13.5 Million Construction Loan for Retail Center in Upstate New York

Poughkeepsie, N.Y. — Cronheim Mortgage, a New Jersey-based firm, has arranged a $13.5 million construction loan for the redevelopment of Poughkeepsie Plaza in Upstate New York. Originally constructed in 1958, the 170,966-square-foot shopping center includes three pad sites for a

…

  • August 28, 2019

NorthMarq Arranges $7 Million Acquisition Loan for Shopping Center in Dayton, Ohio

Dayton, Ohio — NorthMarq has arranged a $7 million loan for the acquisition of Southland 75 Shopping Center in Dayton. The 117,410-square-foot retail center is located at 8265-8361 Springboro Pike. Major tenants include Dollar Tree, Hobby Lobby and Get Air

…

  • August 28, 2019

JLL Arranges $20 Million Refinancing for Central Park Retail in Metro Denver

Denver — JLL has secured $20 million in refinancing for Central Park Retail, a multi-tenant retail center located at 1400 Plaza Drive in the Denver-area community of Highlands Ranch. The borrower is Shea Properties. Completed in 2018, the 61,443-square-foot property

…

  • August 19, 2019

Marcus & Millichap Arranges Sale, Financing of Retail Center in Illinois

Gurnee, Ill. — Marcus & Millichap has arranged the $10.8 million sale of a 15,577-square-foot retail center in Gurnee. Located at 6440 Grand Ave., about 40 miles north of downtown Chicago, the center was fully leased at the time of

…

  • August 14, 2019

BB&T Provides $12.8 Million Construction Loan for Retail Portion of Mixed-Use Development in Metro Miami

Hialeah, Fla. — BB&T has provided a $12.8 million construction loan for the retail portion of Pura Vida, a mixed-use development in Hialeah. Coral Rock Development Group and Arena Capital Holdings are developing Pura Vida, which will feature three out

…

  • August 14, 2019

Aztec Group Arranges $18.5 Million Refinancing Loan for Retail Center in South Florida

Pembroke Pines, Fla. — The Aztec Group has arranged an $18.5 million refinancing loan of an existing construction for Pembroke Centre in Pembroke Pines. Continental Casualty Co. provided the five-year, non-recourse, fixed-rate loan. The borrower, Hart Lyman Cos., delivered Pembroke

…

  • July 30, 2019

Uber Capital Provides $33 Million Acquisition Loan for Mall in Louisiana

Lafayette, La. — Uber Capital Group LLC has provided a $33 million acquisition loan for Acadiana Mall in Lafayette. The loan comes with a 15-year term, a 5.4 percent fixed-rate, 70 percent loan-to-value and is partial recourse. Acadiana Mall spans

…

  • July 23, 2019

KeyBank Provides $26.6 Million Loan for Refinancing of Retail Property in Suburban Maryland

Pasadena, Md. — KeyBank Real Estate Capital has provided a $26.6 million, non-recourse bridge loan to refinance Pasadena Crossroads, a 320,249-square-foot retail center in Pasadena. The loan includes funds for leasing and capital expenditures. The center was originally built in

…

  • July 19, 2019

Cohen Financial Secures $17.1 Million Acquisition Loan for New Retail Center Near Savannah

Hinesville, Ga. — Cohen Financial, a division of SunTrust Bank, has arranged a $17.1 million acquisition loan for Oglethorpe Square in Hinesville. Goldman Sachs provided the 10-year loan to an undisclosed borrower. Situated about 40 miles southwest of downtown Savannah,

…

  • July 15, 2019
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Industry News

  • Cliffs Climbing + Fitness to Open 40,000-Square-Foot Facility in Philadelphia on Dec. 7
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