R.J. Waters & Associates, Inc. closes $17.5 million loan

R.J. Waters & Associates, Inc. closes $17.5 million loan for the Shoppes at Kissel Village in Lititz, PA.

Lititz, PA (Lancaster County) – January 20, 2011 – R.J. Waters & Associates, Inc., Southeast Pennsylvania’s premier development, management, leasing, and brokerage firm, has closed on a $17.5 million loan for the Shoppes at Kissel Village in Lititz, PA. This permanent loan was funded by Guardian Life Insurance Company of America, and the mortgage broker was Carey, Kramer, Pettit, Panichelli and Associates, Inc. The Shoppes at Kissel Village is located at the intersection of Rt. 501 & Peters Road in Lititz, PA. The 144,645 square foot Shopping Center is anchored by Giant Food Store, CVS Pharmacy, Fashion Bug, Radio Shack, Starbucks, Saladworks, Wine & Spirits, and Schukyll Valley Sports. The Center will be expanded to 285,000 square feet to accommodate a 133,500 square foot Target store and a 6,500 square foot restaurant. Target is scheduled to open in the Fall of 2011.

About R.J. Waters & Associates

R. J. Waters & Associates, Inc. is a commercial real estate development, management, leasing, and brokerage firm located in Southeast, Pennsylvania.  R.J Waters & Associates, Inc. manages and leases 21 neighborhood shopping centers throughout Pennsylvania, Delaware, and Virginia. Collectively, we manage over 2.4 million sq. feet of retail space, catering to the needs of over 350 tenants.  Please visit our website at www.rjwaters.com.

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