CBRE’s Debt & Equity Financing Group secured a $27.2 million loan for Phoenix, AZ-based Cole Real Estate Investments. The REIT used the proceeds to refinance a portfolio of six single-tenant retail assets spread across the country.
The retail assets include a Home Depot in San Diego, CA; a Harris Teeter in Durham, NC; a Kohl’s in Monrovia, CA; a Walgreens in Edmond, OK; a CVS in Southaven, MS; and another Kohl’s in Tavares, FL. The portfolio totals nearly 350,000 square feet of retail space.