$5M for Lake Hills.L.J. Melody & Company arranged permanent, fixed-rate financing in the amount of $5.4 million for Lake Hills Shopping Center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into in Fairfield, Conn. Lake Hills Shopping Center is located on Black Rock Turnpike, a strong retail location running between the Merritt Parkway  and
Interstate 95. Constructed in 1968 and renovated in 2004, the property
is comprised of three buildings: a three-story, 65,200 s/f retail and
office building, a one-story, 2,419 s/f bank branch building and a
one-story, 4,829 s/f restaurant occupied by Pizzeria Uno. Pier 1 and
Trader Joes are two of the tenants that occupy the retail and office
property.
Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. provided the funding on behalf of Lake Hills Shopping Center, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Tim Harwood, a director in L.J. Melody & Company's Connecticut office, secured funding for this transaction. |
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