Windsor Locks, CT Walker & Dunlop completed two financing deals including a shopping center and an industrial facility. Specifics on the two deals are below:
• Ella Grasso, located at 295 Ella Grasso Tpke. in Windsor Locks, received $14.46 million in loan proceeds to facilitate the $17.75 million total acquisition purchase. The property is an industrial property just opposite Bradley International Airport spanning nearly 26 acres and 450,000 s/f of rentable warehouse space. The Walker & Dunlop Capital Markets team led by Jonathan Schwartz, Adam Schwartz, Aaron Appel, Keith Kurland and Sean Bastian were exclusive advisors to the client, a joint-venture between Greenmont Group and Tryperion Holdings. The team secured a floating-rate, interest-only bridge loan from Thorofare Capital for the off-market property.
• Gloucester Town Center, located at 509-543 Berlin Cross Keys Rd. in Sicklerville, N.J., recieved a $8.12 million loan. Built in 2003, Gloucester Town Center is a grocery-anchored neighborhood shopping center situated on 100,000 s/f with 100% occupancy, including tenants such as Acme Markets, Dollar Tree, Supercuts, AT&T, Pizza Hut and Mavis Discount Tires. The Walker & Dunlop Capital Markets team led by Jeremy Nussbaum and Andrew Eisen were exclusive advisors to the client, securing a competitive fixed-rate, interest-only mortgage loan from Citigroup.