Alpine Real Estate Partners Secures $21 Million Loan For The Plaza At Cape May Court House

The Plaza at Cape May Court House is a grocery-anchored retail center located at 11 Court House South Dennis Road in Cape May Court House, NJ. The asset spans 163,629 square feet and is fully leased to a mix of national retailers and service providers, with Acme serving as a longstanding tenant.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $21,000,000
• Loan Terms: fixed-rate
• Landlord: Alpine Real Estate Partners
• Brokers: Brandon Szwalbenest, Dev Morris & Andrew Stewart - Cronheim Mortgage

Cronheim Mortgage arranged a permanent loan for the acquisition on behalf of Alpine Real Estate Partners. The transaction highlights the involvement of brokers Brandon Szwalbenest, Dev Morris, and Andrew Stewart, who played a crucial role in securing the financing for this retail center.