Barnegat Village Square, a grocery-anchored shopping center located at 912 West Bay Avenue in Barnegat, New Jersey, has been successfully refinanced. The 70,491-square-foot retail property, owned by Walters Group and represented by Walter Koppelaar, features a diverse tenant mix and is anchored by ACME Markets. The center boasts a 97% occupancy rate and is strategically located with easy access to major thoroughfares in the Barnegat market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,300,000
• Loan Type: Refinance
• Loan Terms: Ten-year, fixed-rate loan

JLL Capital Markets, represented by brokers Jim Cadranell and Michael Mataras from JLL, facilitated the refinancing deal for Barnegat Village Square. The loan for the property was secured through Provident Bank. The ten-year, fixed-rate loan provides stable financing for the retail asset, ensuring its continued success in the Barnegat market.