Pittsburgh, Pa. — Pittsburgh-based HFF has arranged $62 million in first lien financing for a portfolio of seven retail centers totaling 805,803 square feet in North Carolina, South Carolina, Georgia and Mississippi.
The portfolio includes a Walmart Neighborhood Market located at 10635 Dorchester Road near Charleston in Summerville, South Carolina; Poplar Springs Plaza, located at 2153 East Main St. in Duncan, South Carolina; Tire Kingdom & Starbucks Coffee, located at 1820 North Highway 17 near Charleston in Mount Pleasant, South Carolina; Albany Square, located at 2707 Dawson Road in Albany, Georgia; East-West Commons, located at 1757 East-West Connector in Austell, Georgia; Morganton Heights, located at 400 Henredon Road in Morganton, North Carolina; and The Ridge at Turtle Creek, located in Hattiesburg, Mississippi.
Tenants at the portfolio of properties include Walmart Neighborhood Market, Publix, Academy Sports, Dick’s Sporting Goods, T.J. Maxx, Ross Dress for Less, Hobby Lobby and Bealls.
Kevin Mackenzie, Greg Brown and Cory Fowler of HFF worked on behalf of the borrower-sponsor, Cole Credit Property Trust IV Inc., to place the seven-year, fixed-rate loan with Voya Investment Management. HFF will service the loan.