PITTSBURGH, PA – HFF announced today that it has arranged a $60 million refinancing for Seminole Towne Center (top left photo), an enclosed regional mall in Sanford, Florida.
HFF worked on behalf of the borrower, Seminole Towne Center Limited Partnership, to secure the 10-year, fixed-rate loan through Citigroup Global Markets, Inc.
The securitized CMBS loan is replacing maturing debt on the property and will be serviced by HFF. Seminole Towne Center Limited Partnership includes a Simon Property Group entity and an institutional investor advised by Heitman.
Seminole Towne Center is situated on 79 acres at the Interstate 4 and Florida Beltway intersection north of Orlando’s central business district in Sanford. Developed in 1995, the property is anchored by Dillard’s, JC Penney, Macy’s, Sears and a 10-screen United Artists Theatre.
The HFF team representing the borrower included executive managing director John Pelusi, managing director Claudia Steeb and director Luis Castillo (lower left photo)
For further information, visit the Simon Property Group website at www.simon.com
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Contacts:
John Pelusi Jr., HFF Executive Managing Director, (412) 281-8714 jpelusi@hfflp.com
Luis Castillo, HFF Associate Director, (305) 448-1333, lcastillo@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,
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