(Read more on the debt and equity markets.)

OCALA, FL-A $102-million loan has been closed for the development and construction of the Ocala Shoppes. The borrower is the Ocala Shoppes LLC, one of whose principals is Tampa-based businessman Gordon Comer.

The loan was provided by Merrill Lynch Capital, a division of Merrill Lynch Business Financial Services Inc. The lender was represented by Miami-based Bilzin Sumberg attorneys Carey Stiss, a partner in the firm’s real estate group, and Mary Margaret Langton, an associate in the real estate group.

When completed, Merrill Lynch’s collateral will consist of a mortgage on approximately 420,000 sf of space and related parking spaces on 51 acres. The Merrill Lynch loan replaces a prior construction loan from Regions Bank. Mark Hausman, located in Merrill Lynch Capital’s Atlanta office, is the loan officer who closed this transaction for Merrill Lynch Capital.

Ocala Shoppes will be anchored by Dillards, Old Navy, Barnes & Noble and Dicks Sporting Goods, among other tenants.

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.

 

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

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.