Pensacola, Fla. – Village Oaks was most recently renovated in 2013, and is 95.4 percent leased to national and regional tenants.
Pensacola, Fla. – HFF has secured an $11.4 million senior loan for Village Oaks, a 168,851-square-foot shopping center in Pensacola. HFF placed the 10-year, fixed-rate senior loan with Prudential Mortgage Capital Co. on behalf of RCG Ventures. Greg Krafcik, a director with Prudential Mortgage Capital, led the transaction. Village Oaks is located on a 14.7-acre site one mile south of the Interstate 10 interchange in Pensacola. The property was most recently renovated in 2013, and is 95.4 percent leased to national and regional tenants that include Bealls, PetSmart, Planet Fitness, Party City, Cato and Plato’s Closet. The HFF team representing the borrower was led by director Chris Drew and real estate analysts Whitaker Leonhardt and Cecily Nazario.
— Scott Reid