BWE secured $49.5 million in total financing to refinance two shopping centers: Morganton Park South in Southern Pines, North Carolina, and East Viking Plaza in Cedar Falls, Iowa.
Dan Rosenberg, executive vice president in BWE’s Chicago and Boca Raton offices, together with Logan Petersmeyer and Isabella Barrios, secured the financings on behalf of Cincinnati based, Midland Atlantic Properties, a leading owner and developer of retail real estate. Both non-recourse loans feature very competitive interest rates and multiple years of interest-only payments.
East Viking Plaza, located at 410 Viking Plaza Drive in Cedar Falls, Iowa, is a 147,659 square foot shopping center leased to multiple national retailers including Target (shadow), Scheel’s, Michael’s, Old Navy, and Ulta. The property is one of the most visited retail centers in the Waterloo-Cedar Falls metropolitan area.
