New Providence, N.J.
Cronheim Mortgage has arranged $21 million in permanent financing for a 108,000 s/f grocery-anchored shopping center. The 10-year financing amortizes over 30 years and was placed with American United Life Insurance Company, whom Cronheim represents as correspondent and servicer. The borrowerPalm City, FL
Cronheim Mortgage has arranged $15.1 million in permanent financing for two retail properties. The 10-year financing amortizes over 30 years. Allison Villamagna, Dev Morris, David Poncia, and Andrew Stewart represented the borrower. The two properties total 109,188 square feet.Wilmington, OH
Cleeman Realty Group brokered the off-market sale of Wilmington Plaza. The 198,085 s/f shopping center is anchored by a s Kroger grocery store and was 83% occupied at the time of closing. The property is on a 24.06-acre site off Rombach Ave.Shakopee, MN
JLL Capital Markets closed the sale of a 164,701 s/f, single-tenant distribution and warehouse facility fully leased to Logistics Insight Corp. in the Minneapolis suburb.Baltimore, MD
Sagamore Ventures and the Urban Investment Group within Goldman Sachs Asset Management (Goldman Sachs) said that an addition to the development and investment team for Port Covington that brings together two of the leading woman-ownedChattanooga, TN
Jon Meshel has rejoined CBL Properties (CBL) as senior vice president – redevelopment after spending the last three years overseeing mixed-used redevelopments at Centennial. Prior to joining Centennial in 2019, he spent 20 years at CBL working on all aspects of regionalAllendale, NJ
G.S. Wilcox & Co. has secured $13 million in financing for a warehouse building. The financing, arranged by Gretchen Wilcox, president, Albert Raymond, principal, and BridgetGreensboro, NC
Cleeman Realty Group negotiated the $5.6 million off-market sale of a free-standing Food Lion grocery store. The subject property features stoplight access, visibility and is location at the intersection of Cottage Place and Lawndale Dr. which see a combined averageNashville, TN
Cronheim Mortgage arranged $74 million in total debt and equity capital to facilitate the acquisition, renovation, and repositioning of a portfolio of 463 units across 5 apartments communities and an 82,000 s/f office building. Andrew StewartNewport Beach, CA
JLL Capital Markets has arranged $52 million in acquisition financing for Van Nuys Industrial Park, a fully leased, value-add, business park comprising four buildings totaling 84,346 s/f and two land parcels.