Burton Property Group And Peaceable Street Capital Secures $124 Million Loan For Retail Portfolio In Foley AL

A loan amount of $124 million was secured for the recapitalization of a grocery-anchored retail portfolio consisting of three properties. The total square footage of the portfolio is 785,598 square feet, located at 2140 South Mckenzie Street in Foley, AL.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $124,000,000
• Landlord: Burton Property Group & Peaceable Street Capital
• Broker: JLL

The financing structure includes $113.3 million provided by JLL, facilitating the recapitalization efforts for the retail portfolio in the Mobile, Alabama metropolitan area.