PCCP Provides $36M Loan for Refinancing of Retail Center in Chicago

by Kristin Harlow

CHICAGO — PCCP LLC has provided a $36 million loan for the refinancing of Village Market in the Lakeshore East community of downtown Chicago. The 102,224-square-foot retail center is 87 percent leased and is anchored by a 56,000-square-foot Mariano’s store. Village Market opened in 2011. The borrower was a joint venture between Magellan Development Co. and Hanwha Engineering & Construction.

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