Tuesday, March 8, 2016

HFF arranges $10.7 million refinancing for grocery-anchored retail center in suburban Philadelphia, PA

Lionville Shopping Center, 168 Eagleview Boulevard, Exton, PA

PHILADELPHIA, PA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $10.7 million refinancing for Lionville Shopping Center, a 93,161-square-foot, grocery-anchored shopping center in the Philadelphia suburb of Exton, Pennsylvania.

HFF worked on behalf of the borrower, Brandolini Companies, to secure the long-term, fixed-rate financing through an institutional lender in order to retire existing indebtedness. 

Ryan Ade
The 97-percent-leased Lionville Shopping Center is home to 15 tenants, including Giant Food Store, Carol’s Hallmark, Verizon Wireless, Subway, Wells Fargo Bank, Pet Valu and Sal’s Pizza & Italian Restaurant.

 The center is shadow-anchored by Target, Rite Aid and Wawa.  Located at 168 Eagleview Boulevard, Lionville Shopping Center is at the signalized intersection of Eagleview Boulevard and West Uwchlan Avenue (Philadelphia Route 113) in the Chester County submarket. 

The center is on the “going home” side of West Uwchlan, an almost 50-mile northeast-southwest highway that serves Chester, Montgomery and Bucks Counties.

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

“Brandolini Companies engaged HFF on an exclusive basis in order to find the best available rate and terms for a maturing loan on Lionville Shopping Center,” Ade said.  “Lender interest in this financing of a well-located and market-leading grocery store was very high.”

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

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

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