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Brooklyn, Minn. — Robert Bhat, vice president of NorthMarq Capital’s Miami-based regional office, has secured a $13 million commitment for the refinancing of Shingle Creek Crossing Phase III, located in Brooklyn, Minnesota.
The 20-acre site consists of eight super-pads, five outparcels and a 75,000-square-foot building. NorthMarq arranged financing for the borrower, Gatlin Development, through its relationship with a national bank. The development is part of the 60-acre redevelopment of the former Brookdale Mall, a regional mall constructed in 1962.