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CBRE Negotiates $13M Refi of Publix-Anchored Center in Navarre, FL
CBRE has negotiated a $12.9 million loan for the refinancing of Wynnehaven Plaza, a 64,995-sq.-ft., Publix-anchored shopping center in Navarre, FL.
Richard Henry, Mike Ryan, Brian Linnihan and Taylor Crowder with CBRE Capital Markets’ Debt & Structured Finance represented the borrower, Atlanta-based Branch Properties, in the deal. The $12.9 million loan was secured through Indiana-based 40|86 Mortgage Capital.
“Despite the current headwinds being experienced in the capital markets, this deal proved once again that lenders have a real appetite for grocery-anchored retail with blue-chip sponsorship, like Branch,” said Mr. Henry, Senior Vice President with CBRE in Atlanta. “We ended up bringing a deep bench of attractive options to our client, and we’re happy to have connected them with a great partner in 40|86 Mortgage Capital.”
Located at 10040 Navarre Parkway, Wynnehaven Plaza is fully occupied and is home to Publix and seven other tenants.
- ◦Financing

