{"id":1004736401,"date":"2024-11-08T07:10:27","date_gmt":"2024-11-08T15:10:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004736401"},"modified":"2024-11-08T07:10:28","modified_gmt":"2024-11-08T15:10:28","slug":"wood-investments-refinances-montana-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wood-investments-refinances-montana-shopping-center\/","title":{"rendered":"Wood Investments Refinances Montana Shopping Center"},"content":{"rendered":"\n

Wood Investments Cos. has obtained a $20.3 million loan for Helena Skyway Regional Shopping Center, a 164,121-square-foot retail center in Helena, Mont. Wells Fargo provided the permanent loan for the fully leased property.<\/p>\n\n\n

\n
\"Exterior<\/a>
TJ Maxx is one of the tenants at Helena Skyway Regional Shopping Center. Image courtesy of Wood Investments Cos.<\/em><\/figcaption><\/figure><\/div>\n\n\n

The shopping center came online in 2007 on some 23 acres. Shadow-anchored by The Home Depot, Helena Skyway also features a diverse mix of regional and national tenants such as TJ Maxx, Ulta Beauty, Costco, Chilli\u2019s, Bath & Beyond, Staples and Hobby Lobby.<\/p>\n\n\n\n

Wood Investments has recently secured new leases at the property with Sierra and Chick-fil-A. Sierra will commence operations on November 9, while Chick-fil-A\u2019s construction is in progress, aiming for a late 2025 opening. These additions have resulted in the center achieving full occupancy.<\/p>\n\n\n\n

Located at 2005 Cromwell Dixon Lane, Helena Skyway is at the intersection of Interstate 15 and East Custer Avenue. The property serves more than 72,974 individuals within a 10-mile radius, with the average household income of approximately $105,936, according to Colliers.<\/p>\n\n\n\n

Pursuing retail opportunities<\/h2>\n\n\n\n

Adapting to retail market trends<\/a>, Wood Investments continues to pursue development opportunities in the Western U.S. and to convert properties into community hubs, according to President & CEO Patrick Wood. <\/p>\n\n\n\n

In January, the company obtained a $54 million construction loan from 3650 REIT for a 200,000-square-foot retail project<\/a> in Ontario, Calif. At the time, most of the space was already preleased, according to Traded<\/em>.<\/p>\n\n\n\n

Wood also\u00a0secured a $16.5 million in refinancing<\/a> last year for a 135,732-square-foot shopping center in the Boise, Idaho, and a $22.6 million note for a 197,288-square-foot retail property in the same area.<\/p>\n","protected":false},"excerpt":{"rendered":"

Wells Fargo provided the permanent loan.<\/p>\n","protected":false},"author":3014,"featured_media":1004736403,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37753,21742,21749,15],"tags":[33277,38556],"class_list":["post-1004736401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-center-finance","category-latest","category-retail","category-west","tag-wells-fargo","tag-wood-investments"],"acf":[],"yoast_head":"\nWood Investments Refinances Montana Shopping Center - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Wood Investments Cos. secured a $20.3 million loan for Helena Skyway Regional Shopping Center in Helena, Mont. 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