$11,250,000
Permanent
Bank
Fenton Commons is a 71,242 square foot shopping center in Fenton, Missouri. The center consists of a large multi-tenant building anchored by Best Buy, Barnes & Noble, and Old Navy that is fronted by two separate outparcels.
Michael Salzman, Vice President of Loan Production at Essex, arranged the acquisition financing. The 10-year loan has a 30-year amortization schedule and was placed with one of Essex Financial Group's key Credit Union relationships.