BWE has secured $49.5 million in total financing to refinance two shopping centers, including Morganton Park South in North Carolina and East Viking Plaza in Iowa.
Dan Rosenberg, executive vice president in BWE’s Chicago and Boca Raton offices, together with Logan Petersmeyer and Isabella Barrios, secured the financing on behalf of Cincinnati-based Midland Atlantic Properties, a leading owner and developer of retail real estate. Both non-recourse loans feature competitive interest rates and multiple years of interest-only payments.
East Viking Plaza, located at 410 Viking Plaza Drive in Cedar Falls, Iowa, is a 147,659 square foot shopping center leased to multiple national retailers, including Target, Scheel’s, Michaels, Old Navy, and Ulta.
Morganton Park South, situated at 201-377 Carolina Green Parkway in Southern Pines, North Carolina, is 267,021 square feet and nearly 100% leased. The center was constructed in 2024 and is anchored by Target, Dick’s Sporting Goods/Golf Galaxy, and HomeGoods.
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