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Cushman & Wakefield Secures $100M Refinancing For Epic Real Estate Partners' Retail Portfolio

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FINANCED
$100,000,000
Beth Lambert
Caleb Riebe
+ 1

Minnesota

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Retail2,500,000 SF
Financed 02/07/2024
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Property Image
FINANCED

Cushman & Wakefield Secures $100M Refinancing For Epic Real Estate Partners' Retail Portfolio

Retail2,500,000 SF
Financed 02/07/2024
Beth Lambert
Caleb Riebe
+ 1
Contact now

Summary

Asset Type:Retail
Price Per Square Foot:$40
Total Square Footage:2,500,000 SF
Transaction Type:Loan

Epic Real Estate Partners' retail portfolio, consisting of 625,000 square feet of grocery-anchored retail space, has been refinanced with a loan amount of $100 million. The properties are located in Eagan, Minnesota; Tucson, Arizona; Dallas, Texas; Hawaii; and Elgin, Illinois. The portfolio includes properties leased to major grocery chains such as Cub Foods, Kroger, Bashas, Safeway, and Jewel Osco.

Summary of transaction details

Cushman & Wakefield, led by Beth Lambert, Chase Johnson, Caleb Riebe, and Andrew White, successfully secured a $100 million refinancing for Epic Real Estate Partners' portfolio. This deal covers the properties within the retail portfolio, which are leased to major grocery chains. The refinancing allows for continued growth and success in the retail market for Epic Real Estate Partners.

Players

Chase Johnson
6 deals$221.4M volume
BROKER

Beth Lambert
Cushman & Wakefield
1 deal$100M volume(972) 663-9865
BROKER

Caleb Riebe
Cushman & Wakefield
2 deals$145.7M volume(512) 439-6720
BROKER

Andrew White
Cushman & Wakefield
1 deal$100M volume(972) 663-9965
BROKER

Details

FINANCED
IMAGE: Daniel J. Holland, Andrew White, Beth Lambert, Caleb Riebe & Chase Johnson DATE: 02/07/2024 ADDRESS: Retail Portfolio MARKET: Eagan, Minnesota; Tucson & Arizona; Dallas; Hawaii; Elgin, Illinois ASSET TYPE: Retail ~ SF: 625,000 LANDLORD: Daniel J. Holland - Epic Real Estate Partners BROKERS: Andrew White, Beth Lambert, Caleb Riebe & Chase Johnson - Cushman & Wakefield (@CushWake) LOAN AMOUNT: $100,000,000 LOAN TYPE: Refinance NOTE: Cushman & Wakefield secured $100 million in refinancing for Epic Real Estate Partners' 625,000-square-foot grocery-anchored retail portfolio spanning Minnesota, Arizona, Texas, Hawaii, and Illinois. Led by Beth Lambert, Chase Johnson, Caleb Riebe, and Andrew White, the financing covers properties leased to major grocery chains like Cub Foods, Kroger, Bashas, Safeway, and Jewel Osco.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$100,000,000.00

Monthly NOI$666,666.67
Monthly Debt Service$632,068.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00