Summer Center

Location: Memphis, TN
Type: Retail
Price: $ 10,950,000

SMC has provided a $10,950,000 loan for the acquisition of Summer Center, a 136,625 SF anchored shopping center located in Memphis, TN. The property is anchored by Kroger and Ross Dress For Less, and is currently 95% leased to 18 tenants. The loan provided financing for an acquisition price of $14.6 million.