REBusinessOnline

Natixis Provides $26.5M Loan for Shopping Center in Bethesda

Douglas Development will add a new Target Express store to the tenant roster at Shops of Wisconsin in Bethesda, Md. (Rendering courtesy of Douglas Development)

BETHESDA, MD. — Natixis has provided a $26.5 million, floating-rate loan for Shops of Wisconsin, a 71,748-square-foot neighborhood shopping center in Bethesda. The borrower, Douglas Development, will use the proceeds to refinance the property and provide funds for the tenant improvements of the new Target Express. In addition to the new Target Express, the center also contains nine other national and local tenants, including Trader Joe’s, Gymboree, Jenny Craig and H&R Block.

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