YORKVILLE, IL—Tucker Development Corp. has gained an $11 million refinance loan for Yorkville Marketplace.
The 111,591-sq.-ft. retail center is at the intersection of US Route 34 and Illinois Route 47. The 93 percent leased property, which was completed in 2002 (Phase I) and 2007 (Phase II), is anchored by Jewel-Osco and Office Max. In addition, Phase II of the center contains pad-ready sites that can support approximately 52,600 sq. ft. of future retail development.
The HFF team representing the borrower was led by Managing Director Timothy Joyce, Director Daniel Kaufman and associate director Amy Sands. The adjustable-rate loan was arranged through San Francisco-based Prime Finance.