This loan closing marks Terranova’s ninth capital markets transaction of the year.
The tenant will occupy space previously occupied by Steinmart.
The buildings, purchased for a combined $7.8 million, will be marketed for lease to select new restaurant/retail tenants.
The facility was acquired by Terranova and Blackrock in September 2013. CLICK ON THE HEADLINE FOR MORE
Terranova Corp. and an investment partner Arcadia Realty Trust are selling their six-building portfolio. CLICK ON THE HEADLINE FOR MORE
Terranova Corp. and partner Acadia Realty Trust paid a total of $139 million for the trio of properties. CLICK ON THE HEADLINE FOR MORE
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