Columbus Crossing, built in 2000, is 97% leased and counts SuperFresh, Old Navy, A.C. Moore among its tenants. The loan on the property is at a fixed rate of 6.75% over five years.
More of Port Washington, NY-based Cedar's 122 centers make their home in Pennsylvania than in any other state. The REIT has 10 assets in the Philadelphia area.
Real estate services firm HFF operates 17 offices across the country and earlier this month arranged a $25-million financing deal for two multifamily complexes in Longwood, FL. Susquehanna Bank has 235 branches in the Mid-Atlantic and controls assets of about $14 billion.
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