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| West Goshen Town Centre, Route 3 and Five Points Road, West Chester, PA |
PHILADELPHIA, PA, Nov. 16,
2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has
arranged an $18.5 million refinancing for West
Goshen Town Centre, a 135,650-square-foot retail center anchored by
ShopRite in the affluent suburban Philadelphia community of West Chester,
Pennsylvania.
HFF worked on behalf of
the borrower, Brandolini Companies, to secure the permanent, fixed-rate loan
through an institutional lender.
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| Ryan Ade |
Situated on 17.6 acres at
Route 3 and Five Points Road, West Goshen Town Centre is five miles from
downtown West Chester, which was named No. 10 on CNN’s Money.com Top 50 Best
Places to Live in 2013.
The property is adjacent
to four multi-housing complexes with a total of 968 units, and the center is
proximate to some of the county’s major employers, including QVC’s global
headquarters, Chester County Hospital and the 15,000-student West Chester
University.
One hundred percent
leased, the four-building West Goshen Towne Centre is home to anchors ShopRite
and A.C. Moore in addition to Applebee’s Neighborhood Grill, Panera Bread,
AT&T, Massage Envy, GameStop, Great Clips, Sun East Federal Credit Union
and H&R Block.
The HFF team representing
the borrower was led by managing director Ryan
Ade.
“Having the market-leading
grocer, ShopRite, as an anchor draw, West Goshen Town Centre occupies one of
the best locations for retail in the western suburbs,” Ade said. “Lenders competed aggressively via the HFF
process, and the end result was a best in market execution for our client,
Brandolini.”
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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