$45 million refinance loan for six retail properties includes Putnam Plaza
CHICAGO -- Cohen Financial, a division of Trust Bank, has arranged a $45 million refinance loan for a 552,143-square-foot retail portfolio spanning Mississippi, North Carolina, Alabama, Ohio, Kentucky and Indiana.
Midland Atlantic Properties has received a refinancing loan for a six-property portfolio, including Putnam Plaza in Greencastle.
Dan Rosenberg and Matt Terpstra of Cohen’s Chicago office represented the borrower, Midland Atlantic Properties, in the loan transaction. Goldman Sachs provided the 10-year, fixed-interest-rate loan.
Five of the six properties are grocery anchored.
The other property in the portfolio is Putnam Plaza, a 75,177-square-foot, Tractor Supply Co.-anchored retail property located in Greencastle.
The five grocery anchored properties in the portfolio are: Parkside Square, a 150,344-square-foot, Rouses Markets-anchored property located in Ocean Springs, Miss.; Maysville Marketsquare, a 144,945-square-foot, Kroger-anchored property in Maysville, Ky.; Pinecrest Pointe, an 89,224-square-foot, Food Lion-anchored property located in Raleigh, N.C.; Valleydale Marketplace, a 67,853-square-foot, Walmart Neighborhood Market-anchored property located in Birmingham, Ala.; and Heritage Plaza, a 24,600-square-foot, Kroger-anchored property in Cincinnati.