The New Jersey office of Holliday Fenoglio Fowler L.P. has secured $17 million in financing for Columbus Crossing, a 142,000-sq.-ft., grocery-anchored shopping center in Philadelphia. Working exclusively on behalf of REIT Cedar Shopping Centers Inc., HFF managing director Jim Cadranell and director John Taylor arranged the five-year, 6.75 percent fixed-rate loan with Susquehanna Bank. Columbus Crossing is located near Interstate 95 and the Penn's Landing area along the Delaware River waterfront. The 11-acre site is shadow-anchored by Home Depot and Walmart. Currently 97 percent leased, the property's tenants include SuperFresh, Old Navy, A.C. Moore, Famous Footwear, Bath & Body Works and Lane Bryant.
—Nielsen Business Media