Owners Snag $120M For Baltimore Mixed-Use Redevelopment

Law360, New York (February 6, 2014, 6:42 PM EST) -- The owners of The Rotunda, a 661,872-square-foot mixed-use property in Baltimore, have secured $120 million in construction financing for a redevelopment project, HFF LP, which assisted the developer in the deal, announced Thursday.

Grande Rotunda LLC, an affiliate of Hackensack, N.J.-based Hekemian & Co. Inc., secured the 48-month construction loan through Wells Fargo & Co.

“We are pleased to secure the construction debt for Hekemian & Co. in the redevelopment of the Rotunda. The project is extremely well located and will be a successful mixed-use project...
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