|
|
 |
|
|
|
|
Press Release
|
Contact: Nick Derasmo (212.841.7505) |
|
|
|
Cushman & Wakefield Sonnenblick Goldman Arranges $18.2 Million Financing for
Freshwater-Stateline Plaza in Enfield, Connecticut
|
|
|
Monday, February 01, 2010
-
New York, NY
-
February 1, 2010 -- Cushman & Wakefield Sonnenblick Goldman, serving as the exclusive advisor to an affiliate of Centro, has arranged an $18.2 million senior loan secured by a portion of the Freshwater-Stateline Plaza shopping center in Enfield, Conn. The loan was provided by a real estate investment advisor on behalf of one of its institutional clients.
Freshwater-Stateline Plaza is a 425,000-square-foot shopping center anchored by Costco, Home Depot, Dick's Sporting Goods, and Dollar Tree. The new loan is secured by the entire center, with the exception of the Home Depot property, which is not owned by Centro.
Freshwater-Stateline Plaza is located immediately east of Interstate Route 91, approximately eight miles south of Springfield, Mass., and 20 miles north of Hartford, Conn. It is adjacent to Enfield Square Mall, a 787,000-square-foot regional mall that is also owned by Centro. Together, the two centers form a major retail hub for the greater Hartford-Springfield metropolitan area.
According to Steve Kohn, president of Cushman & Wakefield Sonnenblick Goldman, “The excellent location and premier sponsorship resulted in a very attractive financing for Centro.” He added that “recent leasing activity at the center was very positive.”
During the past 12 months, Cushman & Wakefield Sonnenblick Goldman has arranged financing for various clients on several other shopping center properties, including Suburban Square in Ardmore, Pa.; Del Norte Plaza in Escondido, Calif.; Gardena Gateway Center in Gardena, Calif.; and Jefferson Square in Seattle, Wash.
|
|
|
About Cushman & Wakefield Sonnenblick Goldman
Cushman & Wakefield Sonnenblick Goldman is the industry’s leading independent real estate investment banking firm. The firm was founded as Sonnenblick Goldman in 1893 and it merged with Cushman & Wakefield in 2007. Cushman & Wakefield Sonnenblick Goldman provides a full range of real estate financial services, including debt and equity placements, joint ventures, hospitality investment sales and workout advisory services, and it collaborates world-wide with other divisions of Cushman & Wakefield. Further information can be found at the firm’s website at www.cushwake.com/sonngold.
|
|
|
|