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Chicago & Midwest  + Downtown  + Retail  |  December 19, 2023
Jasmine Kilman
By: Jasmine Kilman

BWE Secures $16M to Finance Southeast Shopping Centers

BWE, a national commercial and multifamily mortgage banking company, announced today it has secured financing on two Southeast shopping centers. The firm secured a $6, million loan to refinance Palm Beach Commons, a multi-tenant retail center in West Palm Beach.

It also secured a $10 million loan to provide acquisition financing for Publix at Merganser Commons, a shopping center anchored by Publix in LaGrange, Georgia. Daniel Rosenberg, executive vice president in BWE’s Boca Raton and Chicago offices, and Logan Petersmeyer, senior analyst in BWE’s Chicago office, originated the loans.

Palm Beach Commons is a 70,000-square-foot retail center anchored by Family Dollar. The $6 million loan features full-term, interest-only payments, allowing the borrower to pay off its current debt and lock in a fixed interest rate. Publix at Merganser Commons is a newly constructed, 46,791-square-foot shopping center. The 10-year loan features full-term interest-only payments at a competitive interest rate.

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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.
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