Nuveen Green Capital Provides $21.7M Construction Loan To Parkes Development Group For Adams Creek Town Center

The asset involved in this transaction is a 142,000 square-foot retail development located at the northwest corner of N. 23rd St. and E. Hillside Drive in Broken Arrow. The transaction was closed with a loan amount of $21,700,000 designated for construction purposes.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $21,700,000
• Lender: Sean Ribble & Lou Tejada - Nuveen Green Capital
• Landlord: Parkes Development Group
• Loan Terms: 29 years

This transaction was facilitated by Nuveen Green Capital, which partnered with Firstar Bank on the construction package for Parkes Development Group's new retail destination. The closing signifies a collaboration aimed at addressing capital needs through C-PACE, assisting the sponsor in lowering project costs.