KPR Centers Secures $42.5M Refinance Loan From MetLife Investment Management For Vestavia Hills City Center

The asset involved in this transaction is a retail property located at 700 Montgomery Highway in Vestavia Hills, AL. This property encompasses a total square footage of 389,736 and is part of the Vestavia Hills City Center, a prominent location near Birmingham, AL.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $42,500,000
• Lender: MetLife Investment Management
• Landlord: KPR Centers
• Loan Type: Refinance
• Brokers: Chris Drew, Gregg Shapiro & Kelsey Bawcombe - JLL

KPR Centers secured a loan for refinancing this significant retail asset, facilitating their financial strategy through the assistance of MetLife Investment Management, a notable player in the investment management sector. The transaction included representation by brokers from JLL, highlighting the collaborative efforts within the brokerage community to manage and execute this deal.