{"id":1004136074,"date":"2016-02-05T02:33:30","date_gmt":"2016-02-05T10:33:30","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004136074"},"modified":"2020-05-12T03:10:21","modified_gmt":"2020-05-12T11:10:21","slug":"hff-arranges-61m-refi-for-retail-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-61m-refi-for-retail-portfolio\/","title":{"rendered":"HFF Arranges $61M Refi for Retail Portfolio"},"content":{"rendered":"<p><em>By Adelina Osan, Associate Editor<\/em><\/p>\n<p><strong>Cary, N.C.<\/strong>\u2014<a href=\"https:\/\/www.hfflp.com\/\" rel=\"nofollow\" target=\"_blank\">HFF<\/a> arranged a $61 million refinancing for a four-property portfolio of grocery-anchored shopping centers. Totaling 542,683 square feet, the properties are located in Illinois, Indiana, North Carolina and South Carolina.<\/p>\n<div id=\"attachment_1004136075\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Willow-Lake-West.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004136075\" data-attachment-id=\"1004136075\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-61m-refi-for-retail-portfolio\/willow-lake-west\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Willow-Lake-West.jpg\" data-orig-size=\"1196,786\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Adelina Osan&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1454418290&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Willow Lake West\" data-image-description=\"&lt;p&gt;Willow Lake West&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Willow Lake West&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Willow-Lake-West.jpg?w=1024\" class=\"wp-image-1004136075 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Willow-Lake-West.jpg\" alt=\"Willow Lake West\" width=\"300\" height=\"197\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Willow-Lake-West.jpg 1196w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Willow-Lake-West.jpg?resize=300,197 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Willow-Lake-West.jpg?resize=768,505 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Willow-Lake-West.jpg?resize=1024,673 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004136075\" class=\"wp-caption-text\">Willow Lake West<\/p><\/div>\n<p>The four-property portfolio includes:<\/p>\n<ul>\n<li><strong>Civic Center Plaza<\/strong> at 7801 North Waukegan Road in Niles, Ill.<\/li>\n<li><strong>Willow Lake West<\/strong> at 2902 West 86th Street in Indianapolis, Ind.<\/li>\n<li><strong>Merchant\u2019s Village<\/strong> at 520 Folly Beach Road in Charleston, S.C.<\/li>\n<li><strong>The Shoppes of Kildaire<\/strong> at 1394 Kildaire Farm Road in Cary, N.C.<\/li>\n<\/ul>\n<p>The grocery-anchored shopping centers were 97.8 percent leased to 73 tenants at the time of the announcement. Trader Joe\u2019s, Publix, Super H-Mart, Home Depot, Staples, Starbucks, Panera Bread and Pier 1 Imports are some of the tenants leasing the properties.<\/p>\n<p>HFF worked on behalf of the borrower, a co-investment partnership between <a href=\"https:\/\/www.regencycenters.com\/\" rel=\"nofollow\" target=\"_blank\">Regency Centers<\/a> and Global Retail Investors to place four separate 10-year, fixed-rate, interest-only loans with <a href=\"https:\/\/www.sentinelinvestments.com\/\" rel=\"nofollow\" target=\"_blank\">Sentinel Asset Management<\/a>. Loan proceeds are being used to refinance existing debt. Jim Cadranell, senior managing director at HFF, led the debt placement team representing the borrower.<\/p>\n<p>\u201cIt was a pleasure to work with the Regency team to find the most competitive financing in the market for these shopping centers,\u201d Cadranell said in prepared remarks.  \u201cSentinel Asset Management is a new capital source for Regency, so both lender and borrower are pleased with the outcome.\u201d<\/p>\n<p><em>Image via Google StreetView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HFF arranges $61 million refinancing for Civic Center Plaza, Willow Lake West, Merchant&#8217;s Village and The Shoppes of Kildaire. <\/p>\n","protected":false},"author":735,"featured_media":1004136075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,13,21742,21749],"tags":[],"class_list":["post-1004136074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-midwest","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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Adelina has an academic background in public relations and worked in advertising and social media prior to her editorial role. \ud83d\udce7 She's available at adelina.osan@cpe-mhn.com for discussions regarding real estate news, industry trends, research center and other related topics.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/adelina-osan\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"HFF Arranges $61M Refi for Retail Portfolio - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-61m-refi-for-retail-portfolio\/","og_locale":"en_US","og_type":"article","og_title":"HFF Arranges $61M Refi for Retail Portfolio","og_description":"HFF arranges $61 million refinancing for Civic Center Plaza, Willow Lake West, Merchant's Village and The Shoppes of Kildaire.","og_url":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-61m-refi-for-retail-portfolio\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-02-05T10:33:30+00:00","article_modified_time":"2020-05-12T11:10:21+00:00","og_image":[{"width":1196,"height":786,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Willow-Lake-West.jpg","type":"image\/jpeg"}],"author":"Adelina Osan","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-61m-refi-for-retail-portfolio\/","url":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-61m-refi-for-retail-portfolio\/","name":"HFF Arranges $61M Refi for Retail Portfolio - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-61m-refi-for-retail-portfolio\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-61m-refi-for-retail-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Willow-Lake-West.jpg","datePublished":"2016-02-05T10:33:30+00:00","dateModified":"2020-05-12T11:10:21+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/423ceee57e2e9ef5e458c68f8a3aa615"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-61m-refi-for-retail-portfolio\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/hff-arranges-61m-refi-for-retail-portfolio\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-61m-refi-for-retail-portfolio\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Willow-Lake-West.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Willow-Lake-West.jpg","width":1196,"height":786,"caption":"Willow Lake West"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-61m-refi-for-retail-portfolio\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"HFF Arranges $61M Refi for Retail Portfolio"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/423ceee57e2e9ef5e458c68f8a3aa615","name":"Adelina Osan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/adelina-osan-1.jpg?w=81","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/adelina-osan-1.jpg?w=81","caption":"Adelina Osan"},"description":"Adelina Osan is a publishing manager with Commercial Property Executive and Multi-Housing News. 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