Yale Paprin Acquires Afton Ridge Shopping Center In Concord For $49.25M

The Afton Ridge shopping center in Concord, NC, was recently acquired by Yale Realty Services Corp for $49.25 million. The purchase was financed through a $29.55 million mortgage from MetLife Investment Management. The property, located at 6230 Bayfield Parkway, is a retail asset.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $49,250,000
• Buyer: Yale Paprin - Yale Realty Services Corp
• Lender: MetLife

Yale Paprin, representing Yale Realty Services Corp, played a crucial role in the acquisition of the Afton Ridge shopping center. MetLife provided the necessary financial support as the lender in this deal.