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Investor Trio Procures Refi on Kissimmee Retail Center
The Hampshire Cos., Federated Hermes and O’Connor Capital Partners have obtained $47.1 million for the refinancing of The Crosslands, a nine-building, 529,212-square-foot power center in Kissimmee, Fla. TD Bank provided the new three-year, non-recourse loan in a deal arranged by JLL. It’s located at 751 Centerview Blvd.
Commercial Edge reports the proceeds repay a $49 million loan that Hampshire took out when it purchased the retail property for $121 million back in 2016. That note, provided by Principal Financial Group, was set to mature in 2026.
The 63-acre power center is currently anchored by several off-price clothing retailers, including Burlington, Marshalls and Ross. Additional anchors include The Fresh Market, alongside Academy Sports and HomeGoods. Sephora, Boot Barn, Forever 21, Dollar Tree, Five Below, GNC and Haverty’s are also on the roster, among others
JLL’s Jon Mikula, Michael Klein, and Brian Gaswirth, along with Michael Kavaler and Val McWilliams, led the Capital Markets Debt Advisory team that arranged the financing.
- ◦Financing
