MIAMI—Vista Shopping Center, an 88,699-square-foot retail center complete with a grocery and pharmacy anchor, has secured a $20 million senior loan. The grocery-anchored shopping center is in Miami's Miami Lakes submarket.

HFF represented the borrower, an affiliate of Saglo Development Corporation, to place the 10-year, fixed-rate loan with TD Bank. Saglo used the loan proceeds to retire the existing mortgage and make capital improvements to the retail asset.

"The capital markets continue to favor strong performing grocery-anchored shopping centers located in densely-populated urban areas," says HFF director Chris Drew, who worked with associate director Jose Carrazana to secure the financing. "Additionally, we have witnessed an increased appetite from both debt and equity providers for specialty grocers with a strong and loyal following such as Sedano's."