The property, at 300 S. Koeller St., is anchored by Stein Gardens & Gifts, a lawn and garden store that has a long-term lease. Other tenants include Planned Parenthood, . The property is 92% occupied, says Dan Rosenberg, a VP with Cohen. Lease rates at the property are at about $11.63 per sf, according to marketing materials.
He says the site is a great location. "It's right along the Highway 41 main retail corridor," Rosenberg tells GlobeSt.com. For the refinancing, the center gained a 10-year term, with 75% loan to value.
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