PGIM Real Estate Provides $120M Financing for Oahu Retail Hub
Deal News | Jan 13, 2025 | PGIM Inc
PGIM Real Estate has extended a substantial $120 million in fixed-rate financing for a grocery-anchored retail center located in Oahu, Hawaii. This retail center serves as a pivotal hub for the local community, housing 78 diverse tenants that include retail, medical, dining, and service-oriented businesses. The infusion of capital underscores PGIM's strategic commitment and investment in properties that serve essential roles within their communities.
Sectors
- Real Estate
- Finance
- Retail
Geography
- United States – The financing is for a retail center located in Oahu, Hawaii, which is a part of the United States.
- Hawaii – The property is specifically located in Oahu, making Hawaii a central geographical focus for this transaction.
Industry
- Real Estate – The article discusses a financial deal involving the financing of a retail property, placing it squarely in the real estate industry.
- Finance – The involvement of PGIM Real Estate in providing financing denotes a significant financial transaction within the investment sector.
- Retail – The financed property serves as a retail center, highlighting the retail sector's involvement in the transaction.
Financials
- $120,000,000 – The amount of fixed-rate financing provided by PGIM Real Estate for the retail center in Oahu, Hawaii.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PGIM Real Estate | Financier | Company | A division of PGIM Inc. that provides real estate financing and investment services. |
| Grocery-Anchored Retail Center | Target | Company | A retail center located in Oahu, Hawaii, serving the local community with various tenants. |