Friday, July 28, 2017

HFF arranges $12.8 million refinancing for grocery-anchored retail center in Orlando, FL

Adanson Marketplace, Orlando, FL

Michael Weinberg
ORLANDO, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $12.8 million refinancing for Adanson Marketplace, a 156,377-square-foot retail center anchored by Walmart Neighborhood Market in Orlando, Florida. 

HFF worked on behalf of the sponsor, Cutwater Capital LLC, to place the floating-rate loan with Iberia Bank.  Loan proceeds will be used to pay off an existing loan and provide capital for future leasing.

Anchored by a new Walmart Neighborhood Market and Fuel Center completed in November 2016, Adanson Marketplace is home to a variety of national and regional tenants, including Dollar Tree, Sam Ash Music Store, Metro PCS, McDonald’s and La Spada’s Subs. 

The center recently underwent significant renovations, including updating the façade, storefronts, sidewalks, landscaping and parking areas.  Situated on 14.7 acres at 902-1028 Lee Road, the center is located in an infill location along Adanson Street and Lee Road, which serves as a major east-west commercial corridor through Central Florida and exposes the center to approximately 45,000 vehicles per day.

Brad Peterson
 Additionally, Adanson Marketplace is one-third of a mile from Interstate 4, Central Florida’s busiest highway.

The HFF debt placement team was led by senior managing directors Michael Weinberg and Brad Peterson.

“Despite all the headlines about the downfall of retail, there is still plenty of debt capital out there for grocery-anchored and necessity-based shopping centers like this one,” Weinberg said.

HFF recently secured financing for another Orlando grocery-anchored center, Main Street Square, in a previously announced transaction.

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

Kristen M. Murphy
Director, Public Relations
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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