MIAMI—In transactions that reflect the continued appetite for well-located, well-leased suburban properties, Walker & Dunlop has been busy arranging financing for the retail sector. The firm recently arranged $34 million for neighborhood shopping centers in Ballantyne, NC and Manassas, VA.
Specifically, Walker & Dunlop closed a $3.6 million loan for Cedar Walk Market, a shopping center located in Ballantyne. Ballantyne is an upscale community in the Charlotte metro area.
Cedar Walk Market is a newly-constructed shopping center that offers 19,313 square feet of rentable space. Tenants of the open-air shopping center include Buffalo Wings & Rings and Lorenzo's. Cedar Walk Market is 94% leased.
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