Brand Street Properties And AEW Secure $105.7 Million Acquisition Loan For Deer Park Retail Center
20530 Rand Road
$105,700,000
$300/SF
Building Size
352,257 SF
Asset Type
Retail
Closing
Sep 25, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 20530 Rand Road in the Deer Park market, encompassing a total square footage of 352,257. The loan amount for the acquisition is $105,700,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $105,700,000
- Lender: PGIM
- Borrower: Brand Street Properties & AEW
- Landlord's Representative: Clint Frease & Ryan Sullivan - Newmark
- Note: Deer Park Town Center
The key individuals representing the landlord in this deal are Clint Frease and Ryan Sullivan, affiliated with Newmark. Their involvement underscores the professional representation facilitating this significant acquisition in the retail sector.
On the Map
$105,700,000
$300/SF
Retail
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Players
Deer Park Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93