(Read more on the debt and equitymarkets.)
NORCROSS, GA-Wells Fargo Commercial Mortgage has provided $26.2million in permanent financing for two retail properties. At thetime of the closing of the financing transactions, both were 100%occupied. The funds will refinance existing debt on bothproperties.
In the first transaction, the owner of the 197,000-sf GreensCorner, , a shopping center on Jimmy Cross Boulevard in Norcross,received a $16.2-million, 10-year loan. Anchored by GrandMart, thecenter has 23 tenants. Fred Fletcher, of Atlanta-based PrimaryCapital Advisors, was the mortgage broker in the transaction.
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