Sep
01
HFF Lines Up $23M Acquisition Loan for NC Shopping Center
ByHeritage Crossing in Wilson, N.C., offers more than 311,000 square feet of retail space, with grocery anchor tenant Harris Teeter.
The firm worked on behalf of the borrower, a partnership between Collett Capital, Return Holdings and SilverCap Partners, to place the five-year, floating-rate loan withBank of North Carolina. Loan proceeds were used to purchase the property.
Built in 2006, Heritage Crossing is 100-percent occupied. The property is anchored by Harris Teeter, Ross Dress for Less, Marshalls, Best Buy, Belk, Bed Bath & Beyond and PetSmart and is shadow-anchored by Target. Other national and regional tenants include Starbucks, Rue 21, Five Below, Payless, Kay Jewelers, Moe’s Southwest Grill, Subway, AT&T Wireless, Cato and GNC…
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