Real Estate Journal — Shopping Centers — October 26 - November 8, 2018 — 7A
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For the recapitalization of The Shops at Dakota Crossing in Washington, DC Butler leads Walker & Dunlop Structured Finance team in the arrangement of $61M in financing
nounced that it structured $61 million in financing for the recapi- talization of The Sho p s a t Da k o t a Crossing, a 140,000 s/f W
ownership demographics, the surrounding neighborhood had few retail options prior to the delivery of The Shops at Dakota Crossing. As a result, the final phase of development was 98 percent pre-leased with a diverse mix of national and local tenants including the city’s first Costco, Lowe’s, Dick’s Sporting Goods, Mar- shalls, PetSmart, Chick-fil-A, and Starbucks. “The Shops at Dakota Cross- ing is a landmark retail project in Washington DC and this capitalization will allow the project to truly reach its maxi-
mum potential” said Butler. “Our client has been dedi- cated to this successful project for over 15 years and we are thrilled to play a role in the completion of their vision.” The development team is led by Trammell Crow Com- pany , a real estate developer and investor. Trammell Crow’s joint venture partners include Fort Lincoln New Town Corporation and CSGUrban Partners , both of which are experienced developers in DC and are principal catalysts for growth in the property’s sur- rounding neighborhoods.
A S H I N G T O N , DC — Walker & Dunlop, Inc. an-
Jamie Butler
trophy retail center in Wash- ington, D.C. Led by managing director Jamie Butler , Walker &Dunlop’s Structured Finance team replaced the existing construction capital stack with a stretch senior bridge loan, which also provides for future funding based on additional leasing and capital costs. Positioned along New York Avenue, one of Washington, D.C.’s busiest thoroughfares, The Shops at Dakota Crossing enjoys a convenient location with high visibility both to commuters and area residents. Despite high income and home- Cosentino joins Wilder Cos. as VP of acquisitions BOSTON, MA — TheWild- er Companies announced that Brian Cosentino has developing retail real estate opportunities to expand the company’s portfolio of open- air centers and mixed-use developments throughout the East Coast. His focus will be on existing center acquisitions where Wilder can use its broad experience reinvigorating centers through redevelop- ment, remerchandising, and introduction of uses such as entertainment, residential, office, and hospitality. Prior to joining Wilder, Cosentino worked on the transactions team at UBS Realty Investors in Hartford, CT, closing over $1.5 billion in transactions across the commercial and residential spectrum. Prior to UBS, he worked in various acquisition capacities at the Boston office of CBRE Global Investors. Brian Cosentino j o i ne d t he company in t h e n ew l y created posi- tion of vice president of acquisitions. Cosentino wi l l be re- sponsible for
RE_ad_version1.qxp 11/2/2005 11:54 AM Page 1 The Shops at Dakota Crossing in Washington, DC
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