Sep
27
NewMark Merrill Secures $62M Refi for CO Retail Asset
ByAfter a five-year redevelopment process, the shopping center opened and was more than 90 percent leased. The property is leased to approximately 40 retailers.
NewMark Merill Mountain States has secured the $62 million refinancing of the Village at the Peaks, a 442,000-square-foot shopping center in Boulder, Colo., and announced its completion.
Back in April, the company was close to completing Rialto Marketplace, the largest shopping center in the city of Rialto, Calif.
Located at 1250 S. Hover in Longmont, Colo., Village at the Peaks is a five-year redevelopment of the former Twin Peaks Mall by Newmark Merrill Mountain States. The project features a mix of large-format anchors, restaurants and experiences. The property was more than 90 percent leased when Phase 1 finished last year, representing nearly $100 million in investment and creating more than 500 new jobs…
