Mar
13
Meridian Arranges Refi for Delaware Shopping Center
ByThe loan will be used on Tsonias Management’s Milford Plaza.
Milford, Del.—Meridian Capital Group arranged $18 million in financing on behalf of Tsonias Management for Milford Plaza, a shopping center located in the heart of Milford’s retail corridor. The loan features a fixed rate of 5.1 percent, full-term interest-only payments and was provided by a CMBS lender.
Located at 656 North Dupont Blvd., the 172,200-square-foot asset is situated at the heavily trafficked intersection of routes 9 and 113 and is in close proximity to Delaware’s beach towns, which provide a seasonal increase in traffic. Major tenants include The Peebles Corp., Sherwin-Williams, Save-A-Lot, Chick-fil-A and Dollar General…
Meridian Arranges Refi for Delaware Shopping Center
