February 5, 2020
National real estate capital services firm Cohen Financial has secured a $45 million loan to refinance a portfolio of six retail properties in the Southeast and Midwest. The retail portfolio consists of a total of 552,143 square feet and more than 80 tenants. Five of the six properties are grocery anchored.
The five grocery-anchored properties in the portfolio are Parkside Square, a 150,344-square-foot Rouses Markets-anchored property in Ocean Springs, MS.; Maysville Marketsquare, a 144,945-square-foot Kroger-anchored property in Maysville, KS.; Pinecrest Pointe, a 89,224-square-foot Food Lion-anchored property in Raleigh, NC; Valleydale Marketplace, a 67,853-square-foot Walmart Neighborhood Market-anchored property in Birmingham, AL, and Heritage Plaza, a 24,600-square-foot Kroger-anchored property in Cincinnati, OH.
Cohen Financial secured a fixed-rate, 10-year term loan with Goldman Sachs on behalf of the borrower, full-service commercial real estate firm Midland Atlantic Properties.
*Pictured above is Parkside Square in Ocean Springs.
For comments, questions or concerns, please contact David Cohen