BWE Arranges $50M in Financing for Two Retail Properties

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.

Connect

Inside The Story

BWE

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

Order Reprints