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Chicago & Midwest  + Illinois  + Retail  |  June 2, 2026
Jasmine Kilman
By: Jasmine Kilman

Gantry Secures $12M Loan for 389K-SF Illinois Retail Center

Gantry has secured a low-leverage $12 million permanent loan to refinance maturing debt for Rock River Plaza, located in Moline, Illinois.

The 389,375-square-foot retail power center is anchored by Walmart and Lowe’s with additional national tenants including Marshalls, Five Guys, Chick-fil-A, Applebee’s, and AT&T. The center serves the Quad Cities trade area from a strategic location fronting John Deere Road with ready access to I-74.

Gantry’s Joe Monteleone, Principal, and Rulin Dai, Associate, with the firm’s St. Louis production office, represented the borrower, a private real estate investor. The five-year, fixed-rate, non-recourse permanent loan was secured through a CMBS lender from Gantry’s extensive roster of vetted lenders, with full-term interest-only. “For this assignment, Rock River Plaza’s strong, consistent historic performance from a roster of top-tier credit tenants aligned with engaged, experienced sponsorship seeking a low-leverage loan,” said Monteleone.

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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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