PCCP PROVIDES $22.55M RETAIL FINANCING

by admin

SAN ANTONIO — PCCP has closed a $22.55 million senior loan to refinance a 230,000-square-foot portion of Westover Marketplace, a retail center located at 8203 State Hwy. 151 in San Antonio. The refinanced portion of the center is 71 percent leased to tenants including Ross Dress for Less, PetSmart and Office Depot. The majority of the vacancy is a result from a 48,000-square-foot retail property that once was leased by Sportsman's Warehouse. PCCP provided the loan on behalf of the owner, Coventry Real Estate Advisors.

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