The shopping center, anchored by a Winn-Dixie grocery store, was built in 1999. Winn-Dixie takes up 82% of space in the center. "This is a one-year-old property with a Class A anchor tenant whose lease runs nine years beyond the term of the loan," said Aries Capital president Neil D. Freeman. "Due to this, Aries was able to raise equity as well as debt for our client."
Recent Aries loan closings have included $20 million for a 1.3-million-sf office building at 401 N. Broad St. in Philadelphia, $10.4 million for a 192-room Holiday Inn Select in downtown Memphis and $8.2 million for the 346-unit Kimberly Place Apartments in Las Vegas.
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