NorthMarq Arranges Loan for Shopping Center near Philadelphia

Exton, Pa. – Lionville Shopping Center is a 21,000-square foot unanchored center on Route 113.

The Lionville Shopping Center is a 21,000-square-foot unanchored shopping center in Exton, Pa.Exton, Pa. – NorthMarq Capital’s Philadelphia office has arranged a $7.5 million construction loan for the Lionville Shopping Center in Exton, 32 miles northwest of Philadelphia. Joseph Sweeney, managing director/senior vice president of the branch, arranged the financing. Lionville Shopping Center is a 21,000-square foot unanchored center on Route 113. Rite Aid is the property’s major tenant. The term of the transaction is two years, interest only, and was arranged by NorthMarq for the borrower.

Scott Reid

 

 

 

 

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