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SMITHFIELD, RI-The Crossing at Smithfield, a 588,294-sf shopping center, has secured $52.5 million in financing.

Senior director Sarah Leggat and senior real estate analyst Greg LaBine of Holliday Fenoglio Fowler’s Boston office, arranged the 10-year, fixed-rate refinancing on behalf of S.R. Weiner & Associates and its affiliate W/S Development Associates, through Wachovia Securities, a conduit lender.

The Crossing just had its grand opening last month and is located at the intersection of Interstate 295 and Route 44. The property is currently 100% leased and among its tenants are Home Depot, Kohl’s, and Target.

Leggat says that her group was able to nail down “highly competitive” terms from an aggressive lender due to the strong reputation of the property owners. “S.R. Weiner and its affiliate W/S Development Associates offers excellent tenant relationships, strong development and management skills and an extensive retail portfolio,” she notes.

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