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In southeastern Pennsylvania HFF’s Ade & Bigos secures $17.7m financing for retail center


• Brokered Transactions • New Services/Products • Projects Completed or Underway • Expert Articles • Appointments, Promotions, & Honors • Events • Mergers & Acquisitions • Financing Deals The Mid Atlantic Real Estate Journal welcomes all editorial dealing with the commercial/industrial real estate industry. P.O. Box 26 • Accord, MA 02018 (mailing) 312 Market St. • Rockland, MA 02370 (overnight) e-mail: editor@midatlanticjournal.com www.midatlanticjournal.com


eading, PA — HFF secured $17.7 million in financing for Spring

Towne Shopping Center, a 277,860 s/f, Lowe’s- and Gi- ant-anchored retail center in Reading. HFF worked on behalf of the borrower, Brandolini Compa- nies, to secure a long-term, fixed-rate loan with an institu- tional quality insurance com- pany. The loan will be used to refinance an existingmortgage on the property. Located at 2641-2679 Shil- lington Rd., Spring Towne Shopping Center has front- age along Rte. 724 with direct

800-584-1062 781-871-5299 fax Mid Atlantic Real Estate Journal

Spring Towne Shopping Center

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access to an exit ramp off the highly-trafficked Route 222. The HFF team representing the seller was led by managing director Ryan Ade and senior real estate analyst Christo- pher Bigos . “We were able to secure a loan for Brandolini that allows them to enjoy a low, fixed rate of interest for a long duration on a high-quality asset,” Ade said. “The availability of an early rate lock was critical to the deal given the historically low-rate environment we are in today.” n Levin’s leasing rep., Korris negotiates Dollar Tree lease WASHINGTON, NJ — Dol- lar Tree has leased 9,300 s/f of space at Warren Plaza in Washington, announced Levin dan Korris negotiated the long- term lease. Danielle Brunelli- Albrecht of R.J. Brunelli & Co. LLC served as tenant’s broker in the transaction. “Warren Plaza is highly ac- cessible from Washington Bor- ough’s two main thoroughfares, fronting directly on Rte.57, near the intersection of Rte.31,” said Korris. “The addition of a strong national tenant such as Dollar Tree is the first step towards revitalizing this shopping center. With many of today’s consumers focused so highly on value, we are confident Dollar Tree will be a welcome addition to the local community.” n Jordan Korris M a n a g e - ment, leasing and manag- ing agent for the 61,000 s/f shopping cen- ter. Levin’s leas- ing represen- tat ive Jor -

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Local Contacts:

Eastern PA — 610-366-8120 x 24, Cheryl Green green_c@sdepa.com Philadelphia PA — 610-768-8990, Rawley Shelton rawleyshelton@gmail.com

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