ShopRite-anchored retail center in Woodbridge secures $43M refinancing

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Ideally situated with direct access to U.S.

Route 1&9 and 100% occupied, retail center St. George’s Crossing in Woodbridge secured $43.

2 million in refinancing. JLL Capital Markets represented the landlord, Levin Properties LP, to secure the 12-year, fixed-rate loan through PGIM Real Estate, the firm announced Feb.

7. With 343,423 square feet, the retail property at 855 St.

Georges Ave. is anchored by Saker ShopRite (27.

2% of gross leasable area), P.C.

Richard & Son (11.2% of GLA), PetSmart (5.

2% of GLA) and TJ Maxx (6.9% of GLA).

St. George’s Crossing, Woodbridge.

– LEVIN MANAGEMENT CORP. Shoprite, which has operated from St.

George’s Crossing since 1987, recently renewed its lease for another 10 years, according to JLL. The firm said the […].



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