The Shops at Ledgewood Commons The Shops at Ledgewood Commons

LEDGEWOOD, NJ—The planned conversion of The Shops at Ledgewood Commons from an enclosed mall into a regional power center just got a nearly $73-million boost.

Cushman & Wakefield reports that the property ownership Advance Realty Investors secured a $72.5-million construction loan from Santander Bank for the project. The brokerage firm's Equity, Debt & Structured Finance (EDSF) team arranged the financing deal for affiliates of Advance Realty Investors.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.