HARRISBURG, PA-The Uptown Shopping Plaza, a 150,000-square-foot grocery-anchored retail center here, has gotten a refinanced mortgage of $3.1 million, after the owners worked with HFF.
The capital markets broker secured a 10-year loan through Harrisburg-based Metro Bank for the shopping center landlord, LCL Management.
Uptown Shopping Plaza is located at the intersection of North Seventh and Division Streets in Harrisburg. The retail center is anchored by a Save-A-Lot Supermarket; other tenants include Dollar Tree, Family Dollar, Subway, H&R Block, McDonalds and Rainbow Apparel.
The HFF team representing LCL was led by director Michael Klein and real estate analyst Samuel Seiden.
LCL Management is a Parsippany, NJ-based operator of multi-housing and retail properties. LCL's current portfolio consists of about 2,800 multi-housing units in New Jersey, Pennsylvania, Ohio and New Mexico, as well as five shopping centers.
HFF (also known as Holliday Fenoglio Fowler) and HFFS (HFF Securities) are owned by HFF, Inc. The company has 21 offices around the country that provide commercial real estate and capital markets services to the commercial real estate industry.
HFF and HFFS offer clients a capital markets platform including debt placement, investment sales, advisory services, equity placement, loan sales, and commercial loan servicing.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
Already have an account? Sign In Now
*May exclude premium content© 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.
