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| Chester Springs Shopping Center, Chester, NJ |
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| Eric Tupler |
DENVER, CO – HFF announced today that it has arranged a $22
million financing for Chester Springs Shopping Center, a
223,068-square-foot, grocery-anchored shopping center in Chester, New Jersey.
Working exclusively on behalf of Heitman and
Ramco-Gershenson Properties Trust, HFF placed the three-year loan with a
national bank, at a floating interest rate of LIBOR plus 175 basis points.
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| Jon Mikula |
Situated on approximately 20.4 acres, Chester Springs
Shopping Center is located at the intersection of U.S. Highway 206 and Maple
Avenue in downtown Chester.
The center is 96.6 percent leased and is anchored by
ShopRite, the dominant New Jersey grocer.
Other major tenants include Marshalls, Staples and CVS.
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| Kristian Lichtenfels |
The HFF team representing the borrower was led by senior
managing directors Eric Tupler and Jon Mikula and real estate
analysts Kristian Lichtenfels and Michael Cerulo.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
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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