Crossings at Halls Ferry

Location: Ferguson, MO
Type: Retail
Price: $10,300,000

SMC has provided a $10,300,000 loan to refinance previous CMBS debt collateralized by the Subject. The Property is located at 10805, 10910, 10914, & 10940 New Halls Ferry Road, Ferguson, MO. Ferguson is located approximately 14 miles northwest of St. Louis, MO. The Property is anchored by a Shop ‘n Save grocery store and shadow-anchored by a Home Depot. The Property was built in 1966, 1998 and 1999 and consists of four buildings and a ground-leased IHOP, which was recently renovated. The Subject is currently 89.3% leased. Occupancy at the Property has averaged 91.4% over the past 10 years and never fell below 81%.