Waters Retail Group secures $58 million in financing for the Shoppes at Belmont in Lancaster, PA
Lancaster, PA (Lancaster County) – April 1, 2019 – Waters Retail Group (Kennett Square, PA), Southeast Pennsylvania’s premier development, management, leasing, and brokerage firm, has secured $58,000,000 in financing for the Shoppes at Belmont in Lancaster, PA. This permanent loan was funded by Genworth Financial, and the mortgage broker was M&T Realty Capital Corp. Waters Retail Groups’ Joe Waters and Kevin Lahn represented the Landlord in the transaction.
About the Shoppes at Belmont
The Shoppes at Belmont is a mixed-use development located just minutes from downtown Lancaster, Pennsylvania. The 365,000 square foot development features more than 30 premier retail shops and restaurants, with unique residential housing. Target, Whole Foods, Dick’s Sporting Goods, Nordstrom Rack, and Michael’s anchor the shopping center. Joining them in the main street include Ulta Beauty, Rack Room Shoes, Lane Bryant, Carter’s, OshKosh B’gosh, Hallmark, Inu Salon & Spa, Bella Rose Bridal, Club Pilates, Xfinity, and Finch Jewelers. Restaurants are also an integral part of the Shoppes at Belmont, with Harvest Seasonal Grill and Wine Bar, PF Chang’s, PJ Whelihan’s, Chick-fil-A, MOD Pizza, Zoe’s Kitchen, Jersey Mike’s, Starbucks and CoreLife Eatery. For leasing information, please contact Kevin Lahn at 610.388.6600 ext.16 or Joe Waters at 610.388.6600 ext.20.
About Waters Retail Group
Waters Retail Group is a commercial real estate development, management, leasing, and brokerage firm located in Southeast, Pennsylvania. Waters Retail Group manages and leases 25 neighborhood shopping centers throughout Pennsylvania, Delaware, and Virginia. Collectively, we manage over 2.9 million sq. feet of retail space, catering to the needs of over 380 tenants. Please visit our website at www.watersretailgroup.com.