|Size||$52 Million||Our Role||Lender|
KeyBank Real Estate Capital (KBREC) has arranged $52 million of fixed-rate commercial mortgage-backed securities for Wilmorite Properties, a commercial real estate development and property management company based in Chili, N.Y, to refinance a 448,699-square-foot retail center in Rochester, N.Y.
Pittsford Plaza, which is 95% occupied, comprises five buildings housing 45 tenants. The property is anchored by Barnes & Noble, Century Wine and Liquor, Bed Bath & Beyond, Stein Mart, Michaels, TJ Maxx and Pittsfield Cinema. It is shadow anchored by Wegmans’ 180,616-square-foot flagship store.