Gantry secured a $22 million permanent loan to refinance maturing debt for Chesterfield Commons, a high-performance retail power center at 100-290 THF Blvd in Chesterfield, Missouri, a suburb west of St. Louis.
The 750,000-square-foot inline center is well stabilized and anchored by Walmart, Sam’s Club, Lowe’s, Best Buy, and Ross. Additional tenants include a mix of 40 restaurant, fast food, beauty, fashion, professional service, sporting goods, banking, home goods, health & wellness and other retailers.
Gantry’s Joe Monteleone, Principal, and Rulin Dai, Associate, with the firm’s St. Louis production office represented the borrower, a private real estate investor. The five-year, fixed rate, non-recourse loan was secured from one of Gantry’s correspondent insurance company lenders and offers full-term interest only. Gantry will service the loan for the lender.
