First Horizon Arranges $85M Refi of Raleigh Retail Center
First Horizon Commercial Mortgage Banking has facilitated an $85 million refinance loan for Brier Creek Commons. The 519,277 square foot super regional shopping center in Raleigh is located at Glenwood Avenue and Brier Creek Parkway between Raleigh-Durham International Airport and Research Triangle Park.
Beth Harrelson with First Horizon Commercial Mortgage Banking represented the borrower, Charlotte based American Asset Corporation. The $85 million CMBS loan was secured through Zions Capital Markets.
Built in 2001, Brier Creek Commons is 98 percent leased and is anchored by BJ’s Wholesale, Dick’s Sport Goods, Ross Dress for Less, TJ Maxx, HomeGoods, Michael’s, Staples, Barnes & Noble and PetSmart.
First Horizon Commercial Mortgage Banking, formerly PMC Real Estate Capital, is wholly owned by First Horizon Corporation.
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.