Loews Corp Provides $18.4M Loan For Northpath Investments' Acquisition Of MetroShops Retail Property In Hyattsville, MD

The MetroShops retail property in Hyattsville, Maryland, a suburb of Washington, D.C., has been acquired by Northpath Investments for $32.43 million. The property is a retail asset with a total area of 160,623 square feet. The transaction was financed by Loews Corp, with a loan amount of $18.4 million.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $32.43 million
• Address: 2900 Belcrest Center Drive, Hyattsville, MD
• Market: Hyattsville, MD
• Lender: Loews Corp - James Tisch
• Landlord: Northpath Investments - Gershon Alexander
• Broker: JLL

Loews Corp provided financing for the acquisition, offering a loan of $18.4 million to Northpath Investments. The loan is an acquisition loan with a fixed coupon, and it has a term of five years.

Note: Loews Corp. has provided $18.4 million in financing for Northpath Investments' $32.43 million acquisition of the MetroShops retail property in Hyattsville, Maryland, a suburb of Washington, D.C.