Search
 
News

Armada Hoffler to Invest in South Carolina Retail Development Project

Louis Haddad, president and CEO of Armada Hoffler Properties, states that the company intends to exercise its purchase option upon completion and may use the asset as a replacement property in a tax-free exchange.

Earlier this summer, Armada Hoffler Properties announced development plans for a mixed-use project that is part of the Harbor Point development in Baltimore. Photo by Beatty Development Earlier this summer, Armada Hoffler Properties announced development plans for a mixed-use project that is part of the Harbor Point development in Baltimore. Photo by Beatty Development

SUMMERVILLE, SC—Armada Hoffler Properties Inc. reports today it will invest in Nexton Square, a new open-air lifestyle center currently under construction here.

The Virginia Beach, VA-based REIT states that it will provide mezzanine loan financing that, combined with the proceeds from a senior construction loan, will complete the developer’s capital stack.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

More from this author

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.