CHICAGO, IL – The Chicago and New York offices of HFF (Holliday Fenoglio Fowler, L.P.) has secured $10 million in financing for Cermak Plaza Shopping Center,(top left photo) a 279,622-square-foot community retail center in Berwyn, Illinois. HFF director Matthew Schoenfeldt (top right photo) and senior managing director Jay Marshall (middle left photo) worked on behalf of Concordia Realty Managemen
t Inc. to secure the 10-year fixed-rate loan through ING Investment Management. The loan will be serviced by HFF and proceeds will be used for a capital improvement plan.
t Inc. to secure the 10-year fixed-rate loan through ING Investment Management. The loan will be serviced by HFF and proceeds will be used for a capital improvement plan. Originally developed in 1956, Cermak Plaza Shopping Center will undergo a complete renovation consisting of aesthetic and signage upgrades, parking lot repaving, tenant improvements and relocations, and the development of a ‘Food 4 
Less’ store on a ground-leased pad delivered to national grocer Kroger.
Less’ store on a ground-leased pad delivered to national grocer Kroger. The property is currently 78% occupied by tenants including Office Depot, Marshalls, Walgreens and McDonald’s. Cermak Plaza Shopping Center is situated on the corner of Harlem Avenue and Cermak Road approximately 12 miles west of downtown Chicago.
Since 1989, Concordia Realty has developed, redeveloped, invested in, operated, managed and sold in excess of $500 million worth of commercial real estate throughout the United States.
Contacts:
Matthew R. Schoenfeldt, HFF Director, (312) 528-3650, mschoenfeldt@hfflp.com
Jay B. Marshall, HFF Senior Managing Director, (212) 245-2425, jmarshall@hfflp.com
Myra F. Moren, HFF Director, Marketing, (713) 852-3500, mmoren@hfflp.com
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