BARTONSVILLE, PA. — Aztec Group Inc. has secured a $10.2 million first-mortgage loan for Bartonsville Plaza, a shopping complex located in Bartonsville, a city in northeast Pennsylvania. Bartonsville Plaza is a 49,000-square-foot, four-building retail center anchored by Lowe’s Home Improvement and Kohl’s. Developed by an affiliate of Legend Properties in 2009, Bartonsville Plaza is currently 94 percent leased. Tenants include Sleepy’s, Verizon Wireless, GameStop, Pocono Medical Center, Moe’s Southwest Grill, Great Clips, Sonic and Advance Auto Parts. Ladder Capital, a New York City-based conduit lender provided the 10-year loan, which includes a fixed interest rate and several years of interest-only payments. Howard Taft and Charles Penan of Aztec Group Inc. secured the financing. David Rosenberg of Maverick Capital Partners co-originated the transaction.
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