August 14, 2018
Prime Rate
5.00%
2.06%
2.88%
2.94%
Photo of Walk at Highwoods Preserve
Property Type
Retail
Transaction Details

$16,300,000 Permanent
CMBS

Transaction Name
Walk at Highwoods Preserve
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Transaction Details

Essex Financial Group arranged a $16.3 million non-recourse loan for the acquisition of a 140,595 square foot retail property called Walk at Highwoods Preserve in Tampa, FL. The center, anchored by Michaels, Best Buy, and HomeGoods, also contains a strong lineup of local and national in-line tenants including Pier 1 Imports, Sola Salon, Pure Barre, Chipotle, Dunkin Donuts, and Panera Bread. Michael Salzman arranged the full-term interest-only, fixed-rate loan, which was placed with one of Essex Financial Group's mortgage backed security conduit lenders.