$16.5 Million loan secured for Sterling Grove Shopping Center in Phoenix
United States, Feb. 14 -- JLLCapital Markets announced today that it has secured a $16.5 million senior financing for Sterling Grove, a newly constructed Safeway-anchored retail center in Surprise, Arizona.JLL represented the borrower, Common Bond Development Group, in arranging the permanent financing through a correspondent relationship with Nationwide .Sterling Grove Shopping Center, developed in 2023 by Common Bond Development Group, is a newly constructed retail development that is 100% leased to a diverse mix of national and regional tenants, anchored by a Safeway supermarket and accompanying Safeway Fuel station. Other prominent tenants contributing to Sterling Grove's strong draw include well-known brands such as McDonald's, Starbuc...
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