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| Town Square Shopping Center, 21290 St. Andrews Boulevard, Boca Raton, FL |
Boca Raton, FL, Aug. 15, 2013 -- Kurt Hoffmann and Chris Caveglia of HC Real Estate
Capital have arranged $8,650,000 in financing for Town Square Shopping
Center (“TS”) to refinance a maturing CMBS loan. TS is located at 21290 St. Andrews Boulevard in Boca Raton,
FL.
HC Real Estate
Capital worked exclusively with the borrower, Town Square Associates, LLP, a
partnership controlled by Schmier & Fuerring Properties, Inc. to secure 15
year financing through their correspondent Life Insurance Company relationship
ING Life Insurance and Annuity.
TS is a 39,200 square foot retail center that is currently
100% leased to a roster of national tenants including a 17,432 square foot
Walgreen’s, Omaha Steaks, Juice and Java, Edward Jones, Wendy’s, Pizza Hut,
Saint Moritz Jewelers and Shell Gas Station.
The property was built in 1985 and is situated on 5.60 acres adjacent to
the Town Center Mall.
Kurt Hoffmann, Principal at HC Real Estate Capital states,
“The borrower was able to take advantage of a low interest rate market by
locking a low fixed rate forward loan commitment.”
For a complete copy of the company’s news release, please
contact:
Chris Caveglia
HC Real Estate Capital, LLC
660 Linton Blvd. Ste 200 EX5
Delray Beach, FL 33444
Direct: 561-266-3273
Mobile: 561-376-3176
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