The local office of Chicago-based iCap Realty Advisors arranged the financing, and Newark, NJ-based Prudential Mortgage Capital Co. provided the funds. Icap refused to identify the property's owner.
North Decatur Square is a 136,282-sf, class-A shopping center located on 17.29 acres. Phase one was completed in 1999, and a second phase reached completion during 2000.
The center is anchored by a Kroger grocery and has 30 additional tenants. Kroger calls itself the country's largest retail food company.
According to Alfie Means, principal of iCap's Atlanta office, North Decatur Square is 98% leased.
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