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National  + Ohio  + Retail  | 

George Smith Partners Secures $124M for Ohio MXU

Los Angeles-based George Smith Partners arranged $124.25 million in permanent financing for a roughly 560,000-square-foot, Class A, mixed-use retail and office development in Ohio. The loan was secured on behalf of an undisclosed property owner, a major real estate investor with a national platform.

The non-recourse, cash-out financing was arranged by George Smith Partners’ Gary Mozer, along with Kyle Howerton, Katie Rodd, Michael Anderson and Nicholas Rogers.

Mozer says, “This is a best-in-market asset owned by a deeply-experienced sponsor, who was seeking a proactive financing solution to deliver maximum flexibility during the property’s stabilization.”

The five-year, floating rate loan is priced at 2.35% over one-month LIBOR, with four years of interest-only payments and 35-year amortization during the fifth year of the term. The loan is sized to approximately 70% loan-to-value.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.