OVERLAND PARK, KAN. — Omaha, Neb.-based Cormac Company has closed on $107.4 million in construction financing for all phases of its Corbin Park retail development in Overland Park. The 1.1 million-square-foot shopping center is located at the intersection of 135th Street and Metcalf Avenue, and will include department stores, big box retailers, restaurants, local boutiques and a theater. Construction is expected to begin immediately. Tenants that have signed up to take space at the center include Von Maur, JC Penney, Barnes & Noble, Sports Authority, Gordon Biersch, Off Broadway and Village Roadshow. Bank of America will serve as administrative agent for the lenders. The financing package was provided by institutions including US Bank, Tier One Bank, Regions Bank and Compass Bank. Dallas-based INVESCO Real Estate is an equity partner alongside Cormac in the development of Corbin Park.
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