MIAMI, FL - HFF announced today that it has secured a $9 million refinancing for Boynton West Shopping Center (top left photo), a 195,000-square-foot retail center in Boynton Beach, Florida.
HFF worked exclusively on behalf of the borrower, KIR Boynton L.P., to secure the 10-year, fixed-rate securitized loan through Wells Fargo Real Estate Capital Markets.
Boynton West Shopping Center is located at 9903 South Military Trail at the intersection of West Boynton Beach Boulevard. The property is currently 97 percent occupied and is anchored by Bealls and Burlington Coat Factory.
The HFF team representing Kimco Income REIT, an affiliate of Kimco Realty Corporation, was led by director Elliott Throne (lower right photo).
“Kimco was able to take advantage of the return of the CMBS market to attain long term financing at a very attractive rate,” stated Throne. “The strength of KIR’s sponsorship enabled them to achieve aggressive terms from several lenders with Wells Fargo eventually offering the most compelling deal.”
For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.
Contacts:
ELLIOTT P. THRONE
HFF Director
(305) 421-6549
MYRA F. MOREN
HFF Director, Marketing
(713) 852-3500
No comments:
Post a Comment