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Debt & Equity

HFF arranges $14M refinancing for New Jersey mall

Photo by Dustin Moore/ Flickr
Photo by Dustin Moore/ Flickr

Holliday Fenoglio Fowler arranged a $14 million refinancing for The Streets of Chester Shopping Center, a 104,682 s/f lifestyle retail center in Chester Township, New Jersey.

HFF worked on behalf of the borrower, CPP Streets of Chester, to place the 10-year, fixed-rate loan with Natixis Real Estate Capital, Inc.  Loan proceeds will be used to retire existing debt previously arranged by HFF.

The HFF team representing the borrower was led by senior managing director Jon Mikula.

Completed in 2006, the center is home to national and regional stores including J.Crew, White House/Black Market, and Plow and Hearth.

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