{"id":1004198464,"date":"2017-11-27T07:33:15","date_gmt":"2017-11-27T15:33:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004198464"},"modified":"2022-12-09T02:33:13","modified_gmt":"2022-12-09T10:33:13","slug":"fl-retail-center-lands-22m-in-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fl-retail-center-lands-22m-in-financing\/","title":{"rendered":"Orlando Retail Center Lands $22M in Financing"},"content":{"rendered":"<p>By Alex Ciorogar<\/p>\n<div id=\"attachment_1004198470\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Capture-6.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004198470\" data-attachment-id=\"1004198470\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/fl-retail-center-lands-22m-in-financing\/capture-6-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Capture-6.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Alexandru Ciorogar&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1511798017&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;1&quot;}\" data-image-title=\"Westside Shoppes\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Westside Shoppes in Windermere, Fla.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Capture-6.jpg?w=800\" class=\"wp-image-1004198470 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Capture-6.jpg\" alt=\"Westside Shoppes in Windermere, Fla.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Capture-6.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Capture-6.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Capture-6.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004198470\" class=\"wp-caption-text\">Westside Shoppes in Windermere, Fla.<\/p><\/div>\n<p>Unicorp National Developments Inc. has closed a $22.1 million permanent loan for Westside Shoppes in Windermere, Fla., which is part of the Orlando metro area. CBRE arranged the non-recourse, low-interest, 10-year term loan, which has a 30-year amortization period. The loan was placed with one of CBRE\u2019s correspondent life company lenders.<\/p>\n<p>The 68,346-square-foot premier retail development center is 100 percent leased to national and local tenants, including AT&amp;T, Tijuana Flats, Keke\u2019s Breakfast, Dunkin\u2019 Donuts, Wendy\u2019s, Panera Bread and Adena Grille. The asset experienced quick lease-up due to the low retail space inventory in the rapidly growing Horizon West market, according to CBRE.<\/p>\n<p>Vice President Zac Brumbaugh of CBRE Capital Markets\u2019 Debt &amp; Structured Finance practice in Orlando arranged the transaction.<\/p>\n<p><em>\u201cIn a time where retail financing is experiencing a generally negative outlook, we could generate a large amount of interest from our exclusive correspondent life companies, even though this center is unanchored, which only made for an even harder task. Notwithstanding that, our presentation of the strong submarket and the qualities of the property allowed for us to obtain a competitive life company loan at unmatched terms,\u201d<\/em> said Brumbaugh in prepared remarks.<\/p>\n<p>Also in the Orlando area, CBRE recently closed the sale of Oviedo Mall, a 554,973-square foot <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-closes-sale-of-550-ksf-mall-near-orlando\/\">retail property<\/a> in Oviedo, Fla.<\/p>\n<p><em>Image courtesy of\u00a0<\/em><em>Unicorp National Developments Inc.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBRE negotiated the loan on behalf of Unicorp National Developments Inc. for its Westside Shoppes in Windermere, Fla. The 68,346-square-foot retail center is fully leased.<\/p>\n","protected":false},"author":928,"featured_media":1004198470,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21742,1493,21749],"tags":[32789,38435,38436],"class_list":["post-1004198464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-latest","category-orlando","category-retail","tag-cbre","tag-unicorp-national-developments","tag-zac-brumbaugh"],"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>Orlando Retail Center Lands $22M in Financing - 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\/fl-retail-center-lands-22m-in-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orlando Retail Center Lands $22M in Financing\" \/>\n<meta property=\"og:description\" content=\"CBRE negotiated the loan on behalf of Unicorp National Developments Inc. for its Westside Shoppes in Windermere, Fla. The 68,346-square-foot retail center is fully leased.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/fl-retail-center-lands-22m-in-financing\/\" \/>\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=\"2017-11-27T15:33:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:33:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Capture-6.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Ciorogar\" \/>\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\\\/fl-retail-center-lands-22m-in-financing\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fl-retail-center-lands-22m-in-financing\\\/\"},\"author\":{\"name\":\"Alex Ciorogar\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/b4a70df0ad52ca9767a9e26548ab1aad\"},\"headline\":\"Orlando Retail Center Lands $22M in Financing\",\"datePublished\":\"2017-11-27T15:33:15+00:00\",\"dateModified\":\"2022-12-09T10:33:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fl-retail-center-lands-22m-in-financing\\\/\"},\"wordCount\":245,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fl-retail-center-lands-22m-in-financing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/11\\\/Capture-6.jpg\",\"keywords\":[\"CBRE\",\"Unicorp National Developments\",\"Zac Brumbaugh\"],\"articleSection\":[\"Finance\",\"News\",\"Orlando\",\"Retail\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fl-retail-center-lands-22m-in-financing\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fl-retail-center-lands-22m-in-financing\\\/\",\"name\":\"Orlando Retail Center Lands $22M in Financing - 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