Real Estate Journal — July 25 - August 14, 2014 — 3A


M id A tlantic

M id A tlantic R eal E state J ournal For a multifamily property on behalf of Pantzer Prop. MeridianCapitalGrouparranges $21.7m in acquisition financing


P HILADELPHIA, PA — Meridian Capital Group, LLC , a na- tional commercial real estate finance and advisory firm, negotiated a $21.7 million mortgage to purchase a mul- tifamily property located in Philadelphia, on behalf of Pantzer Properties . The five-year loan, provided by a local balance sheet lender, features a competitive fixed- rate of 3.13% and interest- only payments for the first two years followed by a 30-year amortization schedule. This transaction was negotiated by Meridian Capital Group senior managing director, Drew Anderman ,senior vice president, Alan Blank , and associate, David Bollag , who are all based in the Company’s New York City headquarters. The 13-story multifami- ly property, located at 1601 Sansom St., totals 80 units and 11,192 s/f of retail space. WPRealtyannounces disposition of Retail Portfolio BOSTON, MA — WP Re- alty announced the success- ful disposition of the Metro Boston Retail Portfolio. The Me t ro Bos t on Re - tail Portfolio consisted of 3 Shaw’s anchored shop- ping centers and one free- standing Hannaford Bros., located in affluent subur- ban communities outside of Boston. The portfolio was 97% leased and contained a strong mix of national, re- gional, and local tenants in- cluding Shaw’s, Hannaford Bros., Walgreens, Rite Aid, Bank of America, and Citi- zen’s Bank, among others. The portfolio was com- prised of the following: Cushing Plaza – a 71,210 s/f retail shopping center in Cohasset, Massachusetts Shaw’s Plaza – a 104,923 s/f retail shopping center in Easton, Massachusetts Shaw’s Plaza – a 57,181 s/f retail shopping center in Hanover, Massachusetts Ha nn a f o r d B r o s . – a 45,882 s/f retail shopping center in Waltham, Mas- sachusetts WP Realty is a real estate investment, development, management and leasing company headquartered in Bryn Mawr, Pennsylvania. n

August 15 PA’s Elite Companies Multifamily Financing DEADLINE: Aug. 6

The 80 units were previously leased and operated by Oak- wood Corporate Housing as a short-term furnished corporate rental facility. The purchase trigged an early ter- mination of the Oakwood lease and the borrower is reposition- ing the property as a class-A multifamily rental building. Notable retail tenants include Philadelphia Runner and Hon- eygrow. “The sponsor will benefit from a low fixed-rate with the flexibility required to allow them to execute their business plan,” said Anderman. n

August 29 Commercial Real Estate Law DEADLINE: Aug. 20

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1601 Sansom St.

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