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Chicago — PCCP has provided a $36 million senior loan for the refinancing of Village Market, a 102,224-square-foot shopping center located in the Lakeshore East neighborhood of Chicago.
The borrower is a joint venture between Magellan Development Company and Hanwha Engineering and Construction. A 56,000-square-foot Mariano’s Fresh Market anchors the 87 percent leased property, which is also home to tenants including several restaurants, a medical office and nail salon. Terms of the loan were undisclosed.