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| Seneca Place, 5033 South Boulevard, Charlotte, NC |
CHARLOTTE, NC –– Holliday Fenoglio Fowler, L.P. (HFF) announces
financing for the acquisition and renovation of Seneca Place, a
41,310-square-foot retail strip center and outparcel pad located in Charlotte,
North Carolina.
The HFF team worked on behalf of the borrower, Charlotte-based New Forum,
to place the floating-rate loan with Ready Capital Structured Finance.
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| Cory Fowler |
Seneca Place comprises a 34,710-square-foot retail strip center and a
6,600-square-foot outparcel pad that features a diverse mix of tenants.
Through a thoughtful renovation plan, New Forum plans to
increase occupancy by attracting a contemporary tenant mix that will reposition
the property as experiential retail.
Situated on 4.21
acres at 5033 South Boulevard, Seneca Place in the heart of the rapidly
growing Madison Park, Montclaire and Archdale communities and is approximately
three miles northwest of South Park and seven miles south of Uptown
Charlotte.
More than 91,700
residents earning an average household income of $103,279 live within a
three-mile radius of the center.
The HFF debt placement team representing the borrower consisted of senior
director Cory Fowler.
CONTACTS:
CORY FOWLER
HFF Senior Director
(704) 526-2800
KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420
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