{"id":1004191736,"date":"2017-09-27T05:58:06","date_gmt":"2017-09-27T13:58:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004191736"},"modified":"2022-12-08T02:35:25","modified_gmt":"2022-12-08T10:35:25","slug":"newmark-merrill-secures-62m-refi-for-co-retail-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/newmark-merrill-secures-62m-refi-for-co-retail-asset\/","title":{"rendered":"NewMark Merrill Secures $62M Refi for CO Retail Asset"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004191738\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/DSC01493-1.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004191738\" data-attachment-id=\"1004191738\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/newmark-merrill-secures-62m-refi-for-co-retail-asset\/dsc01493-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/DSC01493-1.jpg\" data-orig-size=\"800,657\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;5.6&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;ILCE-9&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1503167471&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;26&quot;,&quot;iso&quot;:&quot;400&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"DSC01493 (1)\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/DSC01493-1.jpg?w=800\" class=\"wp-image-1004191738 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/DSC01493-1.jpg\" alt=\"Village at the Peaks\" width=\"300\" height=\"246\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/DSC01493-1.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/DSC01493-1.jpg?resize=300,246 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/DSC01493-1.jpg?resize=768,631 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004191738\" class=\"wp-caption-text\">Village at the Peaks<\/p><\/div>\n<p>NewMark Merill Mountain States has secured the $62 million refinancing of the Village at the Peaks, a 442,000-square-foot shopping center in Boulder, Colo., and announced its completion.<\/p>\n<p>Back in April, the company was close to completing Rialto Marketplace, the <a href=\"https:\/\/www.commercialsearch.com\/news\/walmart-anchors-largest-shopping-center-in-rialto\/\">largest shopping center<\/a> in the city of Rialto, Calif.<\/p>\n<p>Located at 1250 S. Hover in Longmont, Colo., Village at the Peaks is a five-year redevelopment of the former Twin Peaks Mall by Newmark Merrill Mountain States. The project features a mix of large-format anchors, restaurants and experiences. The property was more than 90 percent leased when Phase 1 finished last year, representing nearly $100 million in investment and\u00a0creating more than 500 new jobs.<\/p>\n<p>\u201c<em>The reaction of visitors, and the great sales from day one, have demonstrated once again that quality retail, quality merchants and providing quality experiences still provide opportunities for shopping centers to succeed in what to some is a very challenging retail environment,\u201d <\/em>Sandy Sigal, president &amp; CEO of NewMark Merrill Cos., said in a statement.<em>\u00a0\u201cThe financing provided by Allianz provides us a long-term debt platform that allows us to focus on the operation and programming that the community deserves.\u201d<\/em><\/p>\n<p>The shopping center is leased to approximately 40 retailers, restaurants and services such as Whole Foods Market, Sam\u2019s Club and Regal Cinemas, Wyatt\u2019s Wet Goods, Gold\u2019s Gym, Party City, Tuesday Morning, T-Mobile, Verizon Wireless and others.<\/p>\n<p><em>Image courtesy of NewMark Merrill Cos. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a five-year redevelopment process, the shopping center opened and was more than 90 percent leased. The property is leased to approximately 40 retailers. <\/p>\n","protected":false},"author":436,"featured_media":1004191738,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1587,21825,21742,21749,15],"tags":[34942,37682],"class_list":["post-1004191736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-denver","category-finance","category-latest","category-retail","category-west","tag-newmark-merrill-companies","tag-village-at-the-peaks"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NewMark Merrill Secures $62M Refi for CO Retail Asset - 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\/newmark-merrill-secures-62m-refi-for-co-retail-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NewMark Merrill Secures $62M Refi for CO Retail Asset\" \/>\n<meta property=\"og:description\" content=\"After a five-year redevelopment process, the shopping center opened and was more than 90 percent leased. 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