Nationwide Life Insurance Company Provides $51M Refi for D.C.-Area Retail Center

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Nationwide Life Insurance Company has provided $51 million refinancing for Potomac Place Shopping Center, an 80,000-square-foot retail center near Washington, D.C. The refinancing is a fixed-rate permanent loan with a seven-year term, facilitating retail real estate financial structuring.

Zuckerman Gravely has secured $50.75 million to refinance Potomac Place Shopping Center, an 80,000-square-foot, Class-A grocery anchored retail center in Potomac, Md., a suburb just outside of Washington, D.C., Commercial Observer can first report.  Nationwide Life Insurance Company provided the debt, structured as permanent fixed-rate financing with a seven-year term. Northmarq’s Jason Smith and Kenneth […]