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.
Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.