Lucescu Realty Arranges Financing of Huntington Oaks Center in California for $71 Million
Monrovia, Calif. – The financing package replaced a $51 million mortgage from Wachovia Bank.
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Monrovia, Calif. – The financing package replaced a $51 million mortgage from Wachovia Bank.
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Troy, Mich. – The properties are adjacent to Oakland Mall, a 1.5 million square-foot regional mall.
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Boca Raton, Fla. – The center offers daytime population of 143,000, a traffic count of 65,000 vehicles per day and an average household income of $106,000 within five miles.
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Kansas City, Mo. – Previous owner Copaken Brooks retains a 10 percent interest and will lease and manage the center.
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Atlanta – Plans for redevelopment include improved façades and signage.
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Boston – The properties in the portfolio are 97.7 percent leased to tenants that include Trader Joe’s, CVS Pharmacy, Rite Aid, Starbucks, Panera Bread, Chipotle Mexican Grill, Bank of America and Dunkin’ Donuts.
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Lynchburg, Va. – Lakeside Crossing is 98.5 percent leased to 14 tenants.
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Muncie, Ind. – In less than two years, Viking was able to increase the occupancy rate of McGalliard Mall Shops to 95 percent.
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Gambrills, Md. — The 137,000-square-foot Target, which anchors the center, opened in March.
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