Natixis Provides $54.5 Million Financing for Redevelopment of Philadelphia Power Center
Natixis originated a $54.5 million floating-rate financing for New York City-based Sun Equity Partners to redevelop the former Cheltenham Square Mall. The redevelopment will rebrand the property as Greenleaf at Cheltenham, an anchored power center containing 429,617 square feet. Currently 60% leased and pre-leased, Greenleaf at Cheltenham boasts a strong roster of national tenants including Home Depot, Marshalls, LA Fitness, TD Bank, Wells Fargo, T-Mobile, Chick-Fil-A, Wendy’s and others. The property is shadow-anchored by Target, Shop Rite and Burlington Coat Factory.
Press contacts
Sonia Dilouya
Press Relations, Natixis
+33 1 58 32 01 03
sonia.dilouya@natixis.com
press@communication.natixis.com
Vanessa Stephan
Press Relations, Natixis
+33 1 58 19 34 16
vanessa.stephan@natixis.com
press@communication.natixis.com
Daniel Wilson
Head of Press Relations and Social Media, Natixis
+33 1 58 19 10 40
daniel.wilson@natixis.com
press@communication.natixis.com