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PGIM Real Estate Secures $132 Million Refinance From Wells Fargo For Retail Center In Center Valley
FINANCED
$132,000,000
Pennsylvania
See Similar DealsRetail475,000 SF
Financed 10/08/2025
FINANCED
PGIM Real Estate Secures $132 Million Refinance From Wells Fargo For Retail Center In Center Valley
2845 Center Valley Parkway
See Similar DealsRetail475,000 SF
Financed 10/08/2025
Summary
PENNSYLVANIA
Asset Type:Retail
Price Per Square Foot:$277
Total Square Footage:475,000 SF
Transaction Type:Loan
The Promenade Shops at Saucon Valley is a 475,000-square-foot open-air retail center located at 2845 Center Valley Parkway in Center Valley, PA. The property spans 60 acres and is anchored by The Fresh Market, housing other notable tenants such as L.L. Bean and AMC Theatres. It offers direct access to I-78 and U.S. 309.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $132,000,000
- Lender: Wells Fargo
- Landlord: Jacques Chappuis - PGIM Real Estate
- Loan Type: Refinance
PGIM Real Estate secured a refinancing loan from Wells Fargo Bank for the property. The management of the retail center is handled by MSC, providing operational support for the various tenants within the complex.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$132,000,000.00
Monthly NOI$880,000.00
Monthly Debt Service$834,329.79
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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