X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

OSHKOSH, WI-The locally-based investors who own the $7.2 million, 90,000-sf Landmark Plaza shopping center here have negotiated $5.4 million in refinancing from the Chicago office of Cohen Financial. Owner Landmark Limited Partnership IIIhas plans for the money that include a more than $1 million capital improvement project to the center.

The property, at 300 S. Koeller St., is anchored by Stein Gardens & Gifts, a lawn and garden store that has a long-term lease. Other tenants include Planned Parenthood, . The property is 92% occupied, says Dan Rosenberg, a VP with Cohen. Lease rates at the property are at about $11.63 per sf, according to marketing materials.

He says the site is a great location. “It’s right along the Highway 41 main retail corridor,” Rosenberg tells GlobeSt.com. For the refinancing, the center gained a 10-year term, with 75% loan to value.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.