DealPoint Merrill secured a $6,400,000 construction loan, and broke ground this week for their 114,000 square foot redevelopment project in the Chandler Commons Shopping Center in Chandler, Arizona. The project is expected to open in the 4th quarter of 2016.
DealPoint Merrill's executives, David Frank, CEO, negotiated both transactions, and Sterling McGregor, Chief Investment Officer, handled the due diligence for the purchase and financing. The acquisition was completed by Jason Limbert of DealPoint Merrill.
In addition, DealPoint Merrill has redeveloped four vacant retail properties in Q1 and Q2 in New York, Missouri, Texas and California with CubeSmart Class A Climate Controlled Self Storage.