ALLSTATE PROVIDES $50 MILLION IN FINANCING FOR THE GROVE AT SHREWSBURY

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SHREWSBURY, N.J. — Allstate Real Estate Investment Group has provided $50 million in financing to Metrovation for the refinance of The Grove at Shrewsbury. The 148,000-square-foot lifestyle retail center is situated on 21 acres in Shrewsbury and is 100 percent leased to 35 tenants including Brooks Brothers, Anthropologie and Pottery Barn. Kevin Hicks of Wachovia Maher Partners arranged the 10-year loan on behalf of Allstate.

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