DRA Advisors And KPR Centers Secure $415M Refinance From HPS Investment Partners For Retail Centers

The transaction involves the refinancing of 13 grocery-anchored open-air shopping centers located at 250 Franklin Village Drive, 646 Long Hill Road, 720 Long Hill Road, 2200 Oregon Avenue, and 7150 Hamilton Boulevard, spanning a total of 2.4 million square feet. The loan amount secured for this refinancing is $415,000,000, with the financing facilitated by HPS Investment Partners in markets including Franklin, MA; Groton, CT; Philadelphia; and Trexlertown, PA.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $415,000,000
• Lender: HPS Investment Partners
• Landlord: DRA Advisors & KPR Centers
• Brokers: Nick Scribani, John Caraviello, Adam Doneger & Dan Axelson - Newmark

This transaction underscores the collaboration between DRA Advisors and KPR Centers as they secured the considerable loan amount for refinancing. The arrangement was executed through Newmark, highlighting their role in facilitating financing for significant retail assets, including Trexlertown Plaza, Quartermaster Plaza, Groton Shopping Center, and Franklin Village Plaza.