High Desert Development Linder Village, LLC
|Deal Type||Debt Capital Markets|
Sales Tax TIF Revenues
|Client & Transactional Partners||
Arizona Industrial Development Authority
|Our Role||Sole Manager|
The Arizona Industrial Development Authority issued approximately $28.5 million of tax-exempt development revenue bonds to finance infrastructure improvements surrounding the Linder Village (now known as Orchard Park) development in Meridian, Idaho. The Development will be anchored by a WinCo grocery and at full build out will include over 315,000 square feet of retail offerings. KeyBanc Capital Markets (“KBCM”), in partnership with KeyBank’s Income Property Group served as the Sole Underwriter on the financing and devised a tranche structure which allowed the transaction to close prior to full pre-leasing, an otherwise standard market requirement.