{"id":1004174728,"date":"2017-05-02T04:52:32","date_gmt":"2017-05-02T12:52:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004174728"},"modified":"2022-12-08T13:16:32","modified_gmt":"2022-12-08T21:16:32","slug":"pccp-refinances-chicago-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pccp-refinances-chicago-retail-center\/","title":{"rendered":"PCCP Refinances Chicago Retail Center"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004174729\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Village-Market-Chicago.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004174729\" data-attachment-id=\"1004174729\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/pccp-refinances-chicago-retail-center\/village-market-chicago\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Village-Market-Chicago.png\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&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=\"Village Market at Lakeshore East\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Village Market at Lakeshore East&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Village-Market-Chicago.png?w=800\" loading=\"lazy\" class=\"wp-image-1004174729 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Village-Market-Chicago.png\" alt=\"Village Market at Lakeshore East\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Village-Market-Chicago.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Village-Market-Chicago.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Village-Market-Chicago.png?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004174729\" class=\"wp-caption-text\">Village Market at Lakeshore East<\/p><\/div>\n<p>Magellan Development Co., the master developer of the Lakeshore East neighborhood in downtown Chicago, received a $36 million loan from PCCP for the on-site retail center Village Market.<\/p>\n<p>Designed for Silver LEED certification, Village Market is a three-story, 102,224-square-foot building planned to accommodate up to 14 tenants. The anchor tenant is Mariano\u2019s Fresh Market, occupying more than half of the center\u2019s space, with several other small retailers, medical offices and dining service providers sharing the remaining 58,000 square feet. The center was 87 percent leased at the time of the statement.<\/p>\n<p>Dorian Farhang, vice president of PCCP, said in prepared remarks: \u201c<em>PCCP was attracted to the loan opportunity given the reputation of Magellan Development Group and the ability to lend on a high-quality asset in a strong downtown Chicago location.<\/em>\u201d<\/p>\n<p>The retail center is one of the several lakefront and riverfront properties\u2014most of them apartment buildings\u2014which make up the 28-acre <a href=\"https:\/\/www.commercialsearch.com\/news\/900m-wanda-vista-m-u-project-becomes-reality\/\" target=\"_blank\" rel=\"noopener\">Lakeshore East<\/a> community, a project started 15 years ago by a joint venture between Magellan Development Co. and Hanwha Engineering &amp; Construction. It sits close to top entertainment and recreational destinations such as the Theatre District, Museum Campus and the \u201cMagnificent Mile\u201d of Michigan Avenue.<\/p>\n<p><em>Image courtesy of James McHugh Construction Co.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Village Market, located within the Lakeshore East development, belongs to a joint venture between Magellan Development Co. and Hanwha Engineering &amp; Construction.<\/p>\n","protected":false},"author":1064,"featured_media":1004174729,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21825,13,21742,21749],"tags":[35238,35239,35237,33053],"class_list":["post-1004174728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-finance","category-midwest","category-latest","category-retail","tag-hanwha-engineering-and-construction","tag-lakeshore-east","tag-magellan-development-group","tag-pccp-llc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PCCP Refinances Chicago Retail Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/pccp-refinances-chicago-retail-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PCCP Refinances Chicago Retail Center\" \/>\n<meta property=\"og:description\" content=\"Village Market, located within the Lakeshore East development, belongs to a joint venture between Magellan Development Co. and Hanwha Engineering &amp; Construction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pccp-refinances-chicago-retail-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-02T12:52:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T21:16:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Village-Market-Chicago.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pccp-refinances-chicago-retail-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pccp-refinances-chicago-retail-center\\\/\"},\"author\":{\"name\":\"Gabriel Circiog\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fea14f28ef4cea0e4f36b0516e632ebb\"},\"headline\":\"PCCP Refinances Chicago Retail Center\",\"datePublished\":\"2017-05-02T12:52:32+00:00\",\"dateModified\":\"2022-12-08T21:16:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pccp-refinances-chicago-retail-center\\\/\"},\"wordCount\":221,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pccp-refinances-chicago-retail-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/05\\\/Village-Market-Chicago.png\",\"keywords\":[\"Hanwha Engineering and Construction\",\"Lakeshore East\",\"Magellan Development Group\",\"PCCP LLC\"],\"articleSection\":[\"Chicago\",\"Finance\",\"Midwest\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pccp-refinances-chicago-retail-center\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pccp-refinances-chicago-retail-center\\\/\",\"name\":\"PCCP Refinances Chicago Retail Center - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pccp-refinances-chicago-retail-center\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pccp-refinances-chicago-retail-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/05\\\/Village-Market-Chicago.png\",\"datePublished\":\"2017-05-02T12:52:32+00:00\",\"dateModified\":\"2022-12-08T21:16:32+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fea14f28ef4cea0e4f36b0516e632ebb\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pccp-refinances-chicago-retail-center\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pccp-refinances-chicago-retail-center\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pccp-refinances-chicago-retail-center\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/05\\\/Village-Market-Chicago.png\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/05\\\/Village-Market-Chicago.png\",\"width\":800,\"height\":600,\"caption\":\"Village Market at Lakeshore East\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pccp-refinances-chicago-retail-center\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PCCP Refinances Chicago Retail Center\"}]},{\"@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\\\/fea14f28ef4cea0e4f36b0516e632ebb\",\"name\":\"Gabriel Circiog\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ddbbbe4a5e8a5d029214b4a9099495111d971242a7b4ca0b89a5012990e1ab0?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ddbbbe4a5e8a5d029214b4a9099495111d971242a7b4ca0b89a5012990e1ab0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ddbbbe4a5e8a5d029214b4a9099495111d971242a7b4ca0b89a5012990e1ab0?s=96&d=mm&r=g\",\"caption\":\"Gabriel Circiog\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/gabrielcirciog\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"PCCP Refinances Chicago Retail Center - 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\/pccp-refinances-chicago-retail-center\/","og_locale":"en_US","og_type":"article","og_title":"PCCP Refinances Chicago Retail Center","og_description":"Village Market, located within the Lakeshore East development, belongs to a joint venture between Magellan Development Co. and Hanwha Engineering &amp; Construction.","og_url":"https:\/\/www.commercialsearch.com\/news\/pccp-refinances-chicago-retail-center\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-05-02T12:52:32+00:00","article_modified_time":"2022-12-08T21:16:32+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Village-Market-Chicago.png","type":"image\/png"}],"author":"Gabriel Circiog","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/pccp-refinances-chicago-retail-center\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/pccp-refinances-chicago-retail-center\/"},"author":{"name":"Gabriel Circiog","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fea14f28ef4cea0e4f36b0516e632ebb"},"headline":"PCCP Refinances Chicago Retail Center","datePublished":"2017-05-02T12:52:32+00:00","dateModified":"2022-12-08T21:16:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/pccp-refinances-chicago-retail-center\/"},"wordCount":221,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/pccp-refinances-chicago-retail-center\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Village-Market-Chicago.png","keywords":["Hanwha Engineering and Construction","Lakeshore East","Magellan Development Group","PCCP LLC"],"articleSection":["Chicago","Finance","Midwest","News","Retail"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/pccp-refinances-chicago-retail-center\/","url":"https:\/\/www.commercialsearch.com\/news\/pccp-refinances-chicago-retail-center\/","name":"PCCP Refinances Chicago Retail Center - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/pccp-refinances-chicago-retail-center\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/pccp-refinances-chicago-retail-center\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Village-Market-Chicago.png","datePublished":"2017-05-02T12:52:32+00:00","dateModified":"2022-12-08T21:16:32+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fea14f28ef4cea0e4f36b0516e632ebb"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/pccp-refinances-chicago-retail-center\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/pccp-refinances-chicago-retail-center\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/pccp-refinances-chicago-retail-center\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Village-Market-Chicago.png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Village-Market-Chicago.png","width":800,"height":600,"caption":"Village Market at Lakeshore East"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/pccp-refinances-chicago-retail-center\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"PCCP Refinances Chicago Retail Center"}]},{"@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\/fea14f28ef4cea0e4f36b0516e632ebb","name":"Gabriel Circiog","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ddbbbe4a5e8a5d029214b4a9099495111d971242a7b4ca0b89a5012990e1ab0?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ddbbbe4a5e8a5d029214b4a9099495111d971242a7b4ca0b89a5012990e1ab0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ddbbbe4a5e8a5d029214b4a9099495111d971242a7b4ca0b89a5012990e1ab0?s=96&d=mm&r=g","caption":"Gabriel Circiog"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/gabrielcirciog\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Village-Market-Chicago.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004174728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1064"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004174728"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004174728\/revisions"}],"predecessor-version":[{"id":1004531934,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004174728\/revisions\/1004531934"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004174729"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004174728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004174728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004174728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}