Kite Closes on $37.5 Million Construction Loan

Holly Springs, N.C.  — Bank of America provided the loan for Phase I.

Holly Springs, N.C.  — Kite Realty Group Trust has secured $37.5 million in construction financing for the 375,000-square-foot Phase I of Holly Springs Towne Center. A 135,000-square-foot Target will shadow anchor the first phase of the project. Dick’s Sporting Goods, Marshalls, Michaels and Petco will anchor the center. Other tenants include Pier 1 Imports, ULTA and Charming Charlie. Bank of America provided the three-year loan with an option to extend for two additional years.