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Terra Capital has provided Miami-based alternative investment management firm CGI Merchant Group with a $57-million bridge loan to facilitate the recapitalization of the mixed-use property and what the ownership terms as a “ramp up” of a newly flagged hotel at the property.

This summer work will commence on phase one that will involve an approximate 9,000-square-foot freestanding building for Kiddie Academy and a nearly 4,500-square-foot single-tenant building, which is available for lease.

Stavrianos' background includes 13 years at CallisonRTKL and a dozen years at Pappageorge Haymes Partners.

“Supporting small businesses that create good jobs for residents is a critical component of Governor Murphy's plan to invest in communities,” says NJEDA chief executive officer Tim Sullivan.

More than 78,700 residents earning an average annual household income of $82,243 live within a three-mile radius of Gateway Plaza, which is 16 miles north of downtown San Antonio in a northeast suburb.

Carly Tripp has stepped into this newly created position at one of the largest global real estate investment managers with $125 billion AUM.