Transactions - Shopping Centers

Home Depot
Chicago, Illinois

Construction financing totaling $24,500,000 was arranged for this 4-story 80,000 net rentable square foot retail building in Chicago's Lincoln Park area.

Southwest Plaza III
Springfield, Illinois

Permanent non-recourse financing of $15,200,000 was arranged for the 140,000 square foot third phase of a shopping center that encompasses a total of approximately 366,000 square feet in all three phases. Tenants include Old Navy and Bed, Bath & Beyond.

Best Buy
Waldorf, Maryland

A $10,177,000 non-recourse fixed rate permanent mortgage was placed on this 45,600 square foot retail facility. The national tenant signed a long-term triple net lease for the recently completed building.

The Shoppes of Riverwoods
Riverwoods, Illinois

Permanent non-recourse financing of $7,140,000 at two years interest only was arranged for this shopping center, and reflects a loan to cost of 85%. Completed in 2003, the 30,280 square foot center is located on Route 21 (Milwaukee Avenue).

El Paseo Square Shopping Center
Palm Desert, California

An $8,000,000 fixed rate, non-recourse first mortgage was placed for this 67,122 net rentable square foot retail center.

Lowe's Store
Corbin, Kentucky

First mortgage non-recourse, fixed rate financing of $6,800,000 was arranged for the single-tenant retail building constructed in 1997, which contains approximately 114,734 square feet.

Walgreens Store
Danville, Illinois

Permanent fixed rate, fully amortized financing of $1,100,000 was placed on this 13,452 square foot free-standing Walgreens store. Originally constructed in 1994 for its current use, the building is situated on an approximate 46,102 square foot site.