CBRE Secures $12.9M Refinance Loan For Publix-Anchored Wynnehaven Plaza In Navarre, FL

CBRE has secured a $12.9 million loan to refinance Wynnehaven Plaza, a fully occupied Publix-anchored shopping center in Navarre, FL. The property is located at 10040 Navarre Parkway and spans a total square footage of 64,995. This retail asset is situated in the highly sought-after market of Navarre.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $12,900,000
• Address: 10040 Navarre Parkway
• Market: Navarre
• Square Footage: 64,995 SF

The loan was obtained from 40|86 Mortgage Capital on behalf of Atlanta-based Branch Properties, the landlord of Wynnehaven Plaza. The brokers from CBRE who facilitated the loan refinance are Richard Henry, Mike Ryan, Brian Linnihan, and Taylor Crowder. They played a crucial role in securing the financing for this transaction.