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| Adanson Marketplace, Orlando, FL |
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| Michael Weinberg |
HFF worked on behalf of
the sponsor, Cutwater Capital LLC, to place the floating-rate loan with Iberia
Bank. Loan proceeds will be used to pay
off an existing loan and provide capital for future leasing.
Anchored by a new Walmart
Neighborhood Market and Fuel Center completed in November 2016, Adanson
Marketplace is home to a variety of national and regional tenants, including
Dollar Tree, Sam Ash Music Store, Metro PCS, McDonald’s and La Spada’s
Subs.
The center recently
underwent significant renovations, including updating the façade, storefronts,
sidewalks, landscaping and parking areas.
Situated on 14.7 acres at 902-1028 Lee Road, the center is located in an
infill location along Adanson Street and Lee Road, which serves as a major
east-west commercial corridor through Central Florida and exposes the center to
approximately 45,000 vehicles per day.
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| Brad Peterson |
The HFF debt placement
team was led by senior managing directors Michael
Weinberg and Brad Peterson.
“Despite all the headlines
about the downfall of retail, there is still plenty of debt capital out there
for grocery-anchored and necessity-based shopping centers like this one,” Weinberg
said.
HFF recently secured
financing for another Orlando grocery-anchored center, Main Street Square, in a
previously announced transaction.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Public Relations
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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