Greenville Retail Center
Location: Greenville, MI
Type: Retail
Price: $10,000,000
SMC provided a $10,000,000 loan to refinance Greenville Retail Center. The loan collateral is comprised of three retail properties: two shadow-anchored retail centers and one-unanchored retail center, containing an aggregate of 173,945 SF located in Greenville, MI, 30 miles northeast of Grand Rapids, MI. The two shadow-anchored retail centers are shadow-anchored by Meijer. The three-property portfolio was 96.2% occupied at the time of closing by 43 regional, national, and local tenants.