A joint venture between Wafra and Pine Tree has secured $36.9 million acquisition financing to close the $73.8 million sale Harvest Junction, a 364,000-sqaure-foot retail park located in Longmont, Colorado within the Boulder MSA.

JLL represented the seller, a joint venture between Walton Street Capital and a regional operating partner. Working on behalf of the new owner, JLL also secured the seven-year, interest only, fixed-rate loan through a correspondent life insurance company.

Built in 2006, the 97-percent-leased center is home to Lowes, Ross, Marshall's, Best Buy, Dick's Sporting Goods, Michael's, Petco, Staples, DSW and more.

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.

Retail
West