Bellwether Enterprise Secures $24.3M Construction Loan For Morganton Park South, Southern Pines | E Morganton Rd | Logan Petersmeyer, Daniel Rosenberg | Retail | Loan

Summary

Loan

NORTH CAROLINA

Retail

Morganton Park South in Southern Pines, NC, is set to host the area's inaugural BJs Wholesale Club near the Pinehurst Golf Resort. The retail development secured a $24.3 million construction loan for Phase II on E Morganton Rd.

Summary of transaction details:

Property Type: Retail
Transaction Amount: $24,300,000
Address: E Morganton Rd
Market: Southern Pines, NC
Landlord: John Silverman - Midland Atlantic Properties
Brokers: Daniel Rosenber & Logan Petersmeyer - Bellwether Enterprise Real Estate Capital (BWE)
Loan Type: Construction

Bellwether Enterprise Real Estate Capital (BWE) successfully secured the construction loan for Phase II of Morganton Park South. The landlords, John Silverman representing Midland Atlantic Properties, and the brokers, Daniel Rosenber & Logan Petersmeyer from BWE, played crucial roles in finalizing the deal.

Players

All
3

Agents
2
Agencies
1

Logan Petersmeyer

Senior Analyst

Daniel Rosenberg

Executive Vice President

Bellwether Enterprise (BWE)

Details

Deal Summary

FINANCED

IMAGE: John Silverman & Daniel Rosenber DATE: 02/27/2024 ADDRESS: E Morganton Rd MARKET: Southern Pines, NC ASSET TYPE: Retail LANDLORD: John Silverman - Midland Atlantic Properties BROKERS: Daniel Rosenber & Logan Petersmeyer - Bellwether Enterprise Real Estate Capital (BWE) LOAN AMOUNT: $24,300,000 LOAN TYPE: Construction NOTE: BWE has secured a $24.3 million construction loan for Phase II of Morganton Park South, a retail development in Southern Pines, set to host the area's inaugural BJs Wholesale Club near the Pinehurst Golf Resort.

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AddressE Morganton Rd

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