CINCINNATI—HFF recently secured $165 million inconstruction financing for Liberty Center, a 626,791-square-footretail development located at the I-75 and SR 129 interchange justnorth of Cincinnati. The company worked on behalf of thedevelopers, Bucksbaum Retail Properties, LLC andSteiner + Associates, along with financial partnerMount Kellett Capital Management LP, securing theloan through a single capital source.
Chicago-based Bucksbaum and Columbus-based Steiner have launchedthe region's largest on-going mixed-use development. In addition toretail, it will feature more than 75,000-square-feet of officespace, 241 residential units and, as reported in GlobeSt.com,a 130-room AC Marriott hotel, all spanning about 65acres. And Dillard's will complete a two-storyflagship department store with 200,000-square-feet to anchor thecenter. The project has already secured a number of nationalretailers including Dick's Sporting Goods,Kona Grill and CheesecakeFactory.
Along with its partners the Georgetown Co. andLimited Brands, Steiner also recently broke groundon Easton Gateway, a 54-acre addition to its Easton Town Center inColumbus, which will have more than 500,000-square-feet of retailand about 40,000-square-feet of office-above-retail space.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
