Baltimore CVS Stores Part of $215M, 30-Property Refi for Paramount Realty
JLL has arranged $215 million for the refinancing of a 30-property portfolio that includes three CVS single-tenant stores in the Baltimore, MD area:
2 Compass Road in Essex
3915 Hollins Ferry Road in Lansdowne
5605 Baltimore National Pike in Catonsville
The portfolio totals 1.67 million square feet of retail and medical and traditional office space across markets in eastern and central PA in addition to Baltimore. The portfolio comprises nine grocery-anchored retail centers, nine single-tenant retail properties, four neighborhood retail centers and eight medical and traditional office properties.
A JLL team of David Sitt, Stephen Van Leer, Eliott Zeitoune, Chris Pratt and George Kordahl represented the borrower, Paramount Realty, to place the three fixed-rate loans with Investors Bank, a Division of Citizens Bank, N.A.; Oceans First Bank and Provident Bank.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.