REIT JV secures $22M loan on N.J. retail

11/12/2013 | GlobeSt.com

Heitman and Ramco-Gershenson Properties Trust, owners of Chester Springs retail center in Chester, N.J., have received $22 million in financing from a national bank. The three-year floating rate loan was set at 175 basis point over the London Interbank Offered Rate.

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