News: Financial Digest
Posted: November 10, 2023
Walker & Dunlop Capital Markets places $22.58 million in loans for two properties including a shopping center and an industrial facility
Windsor Locks, CT Walker & Dunlop completed two financing deals including a shopping center and an industrial facility. Specifics on the two deals are below:
• Ella Grasso, located at 295 Ella Grasso Tpke. in Windsor Locks, received $14.46 million in loan proceeds to facilitate the $17.75 million total acquisition purchase. The property is an industrial property just opposite Bradley International Airport spanning nearly 26 acres and 450,000 s/f of rentable warehouse space. The Walker & Dunlop Capital Markets team led by Jonathan Schwartz, Adam Schwartz, Aaron Appel, Keith Kurland and Sean Bastian were exclusive advisors to the client, a joint-venture between Greenmont Group and Tryperion Holdings. The team secured a floating-rate, interest-only bridge loan from Thorofare Capital for the off-market property.
• Gloucester Town Center, located at 509-543 Berlin Cross Keys Rd. in Sicklerville, N.J., recieved a $8.12 million loan. Built in 2003, Gloucester Town Center is a grocery-anchored neighborhood shopping center situated on 100,000 s/f with 100% occupancy, including tenants such as Acme Markets, Dollar Tree, Supercuts, AT&T, Pizza Hut and Mavis Discount Tires. The Walker & Dunlop Capital Markets team led by Jeremy Nussbaum and Andrew Eisen were exclusive advisors to the client, securing a competitive fixed-rate, interest-only mortgage loan from Citigroup.
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Boston, MA The fall season always marks the return of IFMA Boston events, and this year is no different. Registration is now open for IFMA Boston’s FMForward Deep Dive 2024. The FMForward Deep Dive 2024 Conference will be held on November 19th at the Babson Executive Conference Center in Wellesley, Mass.
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