(Read more on the debt and equitymarkets.)
HAMILTON, OH-Crimson Capital LLC has acquired the 90,997-sfShoppes at Hamilton retail center, anchored by a Krogersupermarket, for about $11.5 million, according to sources. Thecorporation received assistance in the purchase by a $9 million,10-year, fixed rate loan by GE Real Estate.
The property at 1450 S. Erie Boulevard was built in 2006. Thecenter is 91% occupied, with nine national and regional tenants, inthis densely developed community, said a GE spokesman in astatement. The spokesman could not be reached for comment, and aseller was not named. Joel Traut and Jill McEntegart with GEstructured the loan.
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