HFF ARRANGES $17 MILLION RETAIL LOAN

PHILADELPHIA — The New Jersey office of Holliday Fenoglio Fowler (HFF) has arranged a $17 million loan for Columbus Crossing, a 142,166-square-foot, grocery-anchored shopping center located in Philadelphia. The shopping center is situated on 11.33 acres at 1851 S. Christopher Columbus Blvd. It is currently 97 percent leased by a tenant roster that includes SuperFresh, Old Navy, A.C. Moore, Famous Footwear, Bath & Body Works and Lane Bryant. The center is shadow anchored by The Home Depot and Walmart. The loan carries a 5-year term with a 6.75 percent interest rate and was provided by Susquehanna Bank. The borrower is Cedar Shopping Centers. The transaction was arranged by Jim Cadranell and John Taylor, both of HFF.