A joint venture between Wafra and Pine Tree has secured $36.9 million acquisition financing to close the $73.8 million sale Harvest Junction, a 364,000-sqaure-foot retail park located in Longmont, Colorado within the Boulder MSA.
JLL represented the seller, a joint venture between Walton Street Capital and a regional operating partner. Working on behalf of the new owner, JLL also secured the seven-year, interest only, fixed-rate loan through a correspondent life insurance company.
Built in 2006, the 97-percent-leased center is home to Lowes, Ross, Marshall's, Best Buy, Dick's Sporting Goods, Michael's, Petco, Staples, DSW and more.
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