The property, at 300 S. Koeller St., is anchored by SteinGardens & Gifts, a lawn and garden store that has a long-termlease. Other tenants include Planned Parenthood, . The property is92% occupied, says Dan Rosenberg, a VP with Cohen. Lease rates atthe property are at about $11.63 per sf, according to marketingmaterials.

He says the site is a great location. "It's right along theHighway 41 main retail corridor," Rosenberg tells GlobeSt.com. Forthe refinancing, the center gained a 10-year term, with 75% loan tovalue.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.