Tepedino and Fowler of HFF arrange $72.5 million refinancing for 232,000 s/f plaza

HFF has arranged a $72.5 million refinancing for Rye Ridge Shopping Center, Plaza, and South, a three-property 232,000 s/f multi-tenant neighborhood center, with ING Investment Management. HFF worked on behalf of the borrower, Win Properties, to secure the fixed-rate financing for a 15-year term. Loan proceeds are refinancing existing loans on the properties. HFF will also service the loan. Located at 142 South Ridge St., the property consists of two retail buildings and one retail/professional office building integrated into one complex. Some of the property's 78 tenants include D'Agostino's, CVS, Chase Bank, Ace Hardware, Starbucks, Chipotle, Chop't, Quest Diagnostics and SoulCycle. The HFF team representing Win Properties was led by senior managing director Michael Tepedino with real estate analyst David Fowler. "The transaction exemplified superior execution on behalf of Win Properties and ING Investment Management and is reflective of the professionalism and expertise of both the borrower and the lender. Both parties worked well together to solve complex issues throughout the process and it was a pleasure for HFF to help secure this financing on one of the great retail assets in the U.S.," Tepedino stated.