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Best of 2019 - Best Out Of State - Progress Capital


Progress Capital Marketfair Shopping Center Fayetteville, NC

Size: 219,600 SF Kathy Anderson arranged a loan for the acquisition of the Marketfair Shopping Center located in Fayetteville, NC. The class A Retail Center consists of 17 tenants and 1,288 parking spots on 23.38 acres. The property recently underwent a complete redevelopment and re-tenanting, highlighted by the mid-December grand opening of Lidl, a German-based grocery store. Other national tenants include Planet Fitness, Gander Outdoors and AMC Theaters. Fort Bragg, the largest Army Base in the US with over 55,000 active military personnel is located just 7 miles away. Key terms of the loan include 3.53% Fixed for 10 years, Non-Recourse, 3 Years I/O, 30 Year Amortization thereafter, limited T/I and L/C Reserves. READ MORE

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