"We had a tremendous response from interested buyers," KLNB Retail's Devin Corini tells GlobeSt.com. KLNB represented the seller in the transaction. "It commanded more interest from institutional buyers than Food Lion-anchored shopping centers normally do." KLNB ended up going with First Allied not only because of its strong offer, but also because of the company's willingness to follow through. "First Allied has been very aggressive on a national level, and they were very creative putting together the financing.," Corini adds.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.