Jones Lang LaSalle secures $18.5M refinancing for S.C., center

Spartanburg, S.C. Chicago-based Jones Lang LaSalle announced it has secured $18.5 million in refinancing capital for Centro Properties Group’s Hillcrest Shopping Center in Spartanburg, S.C.

The Real Estate Investment Banking practice of JLL secured a five-year, fixed-rate loan for the 384,306-sq.-ft. grocery-anchored shopping center from lender Quadrant Real Estate Advisors.

Hillcrest Shopping Center is anchored by a Publix supermarket and is currently 76% leased.