Washington DC Kevin Heiss, managing director of the Largo Group of Companies, arranged $95.7 million in financing for the acquisition of a portfolio of grocery anchored shopping centers totaling 1.1 million s/f. The loan was structured as a three-year deal with two extension options and an interest-only period. The shopping centers were leased to anchors including Publix, Kroger, Winn Dixie, Walmart, Cub Foods, and Food Lion.
The properties were located throughout the United States and were situated in primary and secondary markets including Minneapolis/St. Paul, Charlotte, Pensacola, Atlanta, Huntsville, AL, and Washington, DC. Tags: