Vinings Village Refinancing

M & J Wilkow, Ltd. announced today that it completed the refinancing of the Vinings Village Shopping Center with a new 10-year, $11,050,000 fixed rate mortgage loan from Pillar Multi-Family, LLC, an affiliate of Guggenheim Commercial Real Estate Finance, LLC. The proceeds of the new loan were used to pay off an existing loan that was scheduled to mature on December 11, 2015.

Vinings Village is a 61,573 square foot shopping center located in Smyrna (Cobb County), Georgia, approximately 10 miles from downtown Atlanta.  Cobb County is the new home of the Atlanta Braves major lease baseball team, and is one of the most desirable counties in which to live in the Atlanta MSA, with some of the lowest taxes in the MSA, a nationally top ranked school system and the home of the Atlanta Ballet and Atlanta Opera.

The shopping center is currently 96% leased to 9 tenants, including a 49,724 square foot Kroger Grocery Store. Kroger is the #1 grocer in the Atlanta MSA, with 131 stores and a market share of 29.5%.