Eastern Union Funding Arranges Financing for a $29.25M Shopping Center Acquisition in Prince William County, Virginia
Thursday, June 8, 2017
Eastern Union Funding arranged financing for Klein Enterprises' acquisition of Market at Opitz Crossing, a 157,724-square-foot shopping center located at 2141 Opitz Boulevard in Woodbridge, Virginia.
The Baltimore, Md.-based family business, with four generations of investment and management experience, purchased the property from the Sterling Organization for $29.25 million. Eastern Union Senior Managing Director Marc Tropp advised Klein Enterprises, which closed on the Apple Federal Credit Union loanin 30 days.
Market at Opitz Crossing is anchored by a PriceRite supermarket, and offers a variety of dining, shopping and other service-oriented facilities. Major national tenants include Chipotle, Advance Auto Parts, Dollar Tree, Checkers, Subway, BB&T, Taco Bell, Edible Arrangements, Papa Johns, Hair Cuttery, Mariner Finance, Quest Diagnostics and T-Mobile.
About Eastern Union FundingFounded in 2001, Eastern Union Funding is one of the nation's strongest and most active commercial mortgage brokerage firms and was named byCrain's New York Businessin 2014 and 2015 as one of the top 50 fastest growing companies in NYC. Its award-winning team closes over $3 billion in deals annually, specializing in sophisticated debt and equity solutions for small and mid-sized loans across all property types. Celebrating its 15th year in business, the firm launched its groundbreaking Eastern Union commercial real estate app that serves as a digital toolbox for investors to identify and close deals quickly. It is available in the Apple App Store and via Google Play for Android. Eastern Union is co-headquartered in New York and Howell, New Jersey, with offices in Maryland and Israel. For more information, visit www.easternuc.com.
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