News
FIND A NEW PARTNER & DO-SI-DO
April 10, 2012
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| Could Greenberg Gibbons' new equity partner at the 766k SF, open-air Hunt Valley Towne Centre signal more development on the way? Walker & Dunlop recently announced that it arranged a $90M, eight-year interest-only loan from AIG for an investor to buy out GG's previous partner in the Wegmans-anchored center. Walker & Dunlop's Paul Wallace tells us the financing and buyout occurred simultaneously in late February. And earlier that same month, GG CEO Brian Gibbons (above, with COO Tom Fitzpatrick looking at what they swear is not a board game) told us the firm was considering complementary uses at the site, perhaps apartments and hotel. Brian also told us at the time that his company is planning retail redevelopment at the old Walmart site, where financial troubles have put the brakes on Ray Lewis' planned upscale bowling alley. |
