Lightstone refinances $23m New Jersey shopping centers.The Lightstone Group announced it has refinanced a two-asset, retail portfolio in New Jersey. The refinancing Refinancing An extension and/or increase in amount of existing debt. , totaling $23.8 million, was for the Browntown 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 , a retail center located in Old Bridge, and Millburn Millburn can refer to several locations: In the United Kingdom:
Angela Mirizzi-Olsen, senior vice president and chief investment officer for The Lightstone Group, was responsible for closing this transaction. Ray Potter A potter is someone who makes pottery. Potter may also refer to: People
adv. & adj. Throughout a whole country; nationwide: launched a fundraising campaign countrywide; a countrywide search. Adj. 1. Commercial Real Estate Finance, represented the lender in the transaction. "At The Lightstone Group we are taking advantage of competitive market conditions and refinancing properties from our original portfolio--the properties that made us what we are today," Mirizzi-Olsen commented. Jeffrey Dash, director of retail leasing at Lightstone, manages both the shopping centers. He was previously employed by Saul Cantor Inc., and handled the leasing and management of the Cantor portfolio, which included the two malls. When Lightstone bought them in 2003, the firm brought Dash on board. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion