Meridian Capital Arranges $12.5 Million Acquisition Loan for Retail Center Near Fort Lauderdale

by Camren Skelton

Plantation, Fla. — Meridian Capital Group has arranged a $12.5 million acquisition loan for Plantation Pointe, a 17,052-square-foot shopping center in Plantation, located seven miles west of Fort Lauderdale.

Noam Kaminetzky of Meridian Capital arranged the 11-year loan with a fixed rate of 3.87 percent through a national life insurance company. The borrower was not disclosed. Plantation Pointe includes three one-story retail buildings. At the time of sale, the property was occupied by tenants including Chipotle Mexican Grill, Pieology Pizzeria, Panda Express, The Habit Burger Grill, McAlister’s Deli, AT&T, Starbucks Coffee and Walgreens. 

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