United Hampshire U.S. REIT Refinances Arundel Plaza Shopping Center In Glen Burnie | 6620 Governor Ritchie HwyGlen Burnie, MD 21061, USA | Retail | Loan

Summary

Loan

MARYLAND

Retail

282,039 sqft

The Arundel Plaza shopping center located at 6620 Governor Ritchie Hwy in Glen Burnie, MD, has been refinanced by United Hampshire U.S. REIT for $22 million. The property spans 282,039 square feet and the loan obtained is a five-year loan from a life-insurance company arranged by JLL Capital Markets.

Summary of transation details:

Property Type: Retail
Transaction Amount: $22,000,000
Landlord: Gerard Yuen - United Hampshire U.S. REIT
Broker: JLL Capital Markets

The $22 million loan for the Arundel Plaza shopping center in Glen Burnie, MD, was secured by United Hampshire U.S. REIT from a life-insurance company through the assistance of JLL Capital Markets, showcasing a strategic financial move by the landlord in managing the property's assets.

Details

Deal Summary

FINANCED

IMAGE: Gerard Yuen DATE: 03/20/2024 ADDRESS: 6620 Governor Ritchie Hwy MARKET: Glen Burnie, MD ASSET TYPE: Retail ~ SF: 282,039 LANDLORD: Gerard Yuen - United Hampshire U.S. REIT BROKER: JLL Capital Markets LOAN AMOUNT: $22,000,000 LOAN TYPE: Refinance LOAN TERMS: five-year loan NOTE: United Hampshire U.S. REIT has refinanced its Arundel Plaza shopping center in Glen Burnie, Md., securing a $22 million loan from a life-insurance company arranged by JLL Capital Markets.

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Address6620 Governor Ritchie HwyGlen Burnie, MD 21061, USA

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