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| Rivertowne Square, 3005-3031 U.S. Highway West 17, New Bern, NC |
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| Travis Anderson |
CHARLOTTE, NC –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has secured $7.85 million in
acquisition financing for Rivertowne
Square, a 75,295-square-foot, fully-occupied retail center in the North
Carolina destination community of New Bern.
HFF worked on behalf of
the borrower, Crosland Southeast, to place the floating-rate loan with New
Bridge Bank. Loan proceeds were used to
purchase the property.
Rivertowne Square is
anchored by PetSmart, Books-A-Million, Shoe Carnival and Wal-Mart Supercenter
(shadow anchor) and is home to Panera Bread, Cato, Chipotle, Athlete’s Foot and
Game Stop.
Situated on 12.83 acres at 3005-3031 U.S.
Highway W 17, the property is in the retail hub of New Bern, a popular
retirement community and tourist destination located at the convergence of the
Neuse and Trent Rivers approximately 30 miles from the Atlantic Ocean.
New Bern is at the gateway to the Outer Banks
and has an expansive 45-mile coastal trade area with high historical retail
volumes.
Rivertowne Square is at the
“main and main” intersection of Highway 17 and U.S. 70, which has a combined
traffic count of approximately 73,000 vehicles per day.
The HFF debt placement
team representing the borrower was led by senior managing director Travis Anderson and associate director Cory Fowler.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Marketing
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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