Monday, November 16, 2015

HFF arranges $18.5 million refinancing for grocery-anchored suburban Philadelphia retail center

West Goshen Town Centre, Route 3 and Five Points Road, West Chester, PA

PHILADELPHIA, PA, Nov. 16, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged an $18.5 million refinancing for West Goshen Town Centre, a 135,650-square-foot retail center anchored by ShopRite in the affluent suburban Philadelphia community of West Chester, Pennsylvania.

HFF worked on behalf of the borrower, Brandolini Companies, to secure the permanent, fixed-rate loan through an institutional lender. 

Ryan Ade

Situated on 17.6 acres at Route 3 and Five Points Road, West Goshen Town Centre is five miles from downtown West Chester, which was named No. 10 on CNN’s Top 50 Best Places to Live in 2013. 

The property is adjacent to four multi-housing complexes with a total of 968 units, and the center is proximate to some of the county’s major employers, including QVC’s global headquarters, Chester County Hospital and the 15,000-student West Chester University. 

One hundred percent leased, the four-building West Goshen Towne Centre is home to anchors ShopRite and A.C. Moore in addition to Applebee’s Neighborhood Grill, Panera Bread, AT&T, Massage Envy, GameStop, Great Clips, Sun East Federal Credit Union and H&R Block.

The HFF team representing the borrower was led by managing director Ryan Ade.

“Having the market-leading grocer, ShopRite, as an anchor draw, West Goshen Town Centre occupies one of the best locations for retail in the western suburbs,” Ade said.  “Lenders competed aggressively via the HFF process, and the end result was a best in market execution for our client, Brandolini.”

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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