HFF Secures $69 Million Refinancing for 726,306-Square-Foot Center in Suburban Salt Lake City

by Katie Sloan

Taylorsville, Utah — HFF has secured a $69 million refinancing for Crossroads of Taylorsville, a 726,306-square-foot retail center located 10 miles outside Salt Lake City in Taylorsville.

Jim Curtin of HFF worked on behalf of the borrower, Dallas-based TriGate Capital, to place the three-year, floating-rate loan with NexBank. Loan proceeds will be used to refinance the current loan amount, provide capital for tenant improvements and leasing commissions to fully stabilize the asset, and allow TriGate to complete its business plan.

The property is home to tenants such as Shopko, Jo-Ann Fabric and Craft, FYE, Ross Dress for Less, 24-Hour Fitness, PetSmart, Guitar Center, T.J.Maxx and Regal Cinemas. The center is also shadow-anchored by a Harmons supermarket and a Starbucks Coffee.

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