EagleBank Provides $45 Million in Financing to A. J. & C. Garfunkel to Refinance Corridor Marketplace Shopping Center
16 Maio 2023 - 7:53AM
EagleBank (NASDAQ: EGBN), one of the largest community banks in the
Washington, D.C. area, today announced it has provided A. J. &
C. Garfunkel a $45 million dollar loan for its Corridor Marketplace
property located in Laurel, Maryland.
Corridor Marketplace is a 452,102 square foot
retail center located at the southwest corner of the intersection
of the Baltimore Washington Parkway and Rt. 198 in Laurel, MD in
Anne Arundel County. Considered a “power center,” Corridor
Marketplace’s primary tenants include Kohls, Hobby Lobby, Total
Wine & More, Target, Big Lots and Aldi. This shopping center is
conveniently located less than 12 miles from Baltimore-Washington
International Airport, and a short drive from nearby cities
including Baltimore and Laurel.
“From application to closing, working with
EagleBank was a quick and seamless experience,” said Charles
Garfunkel, Co-Owner of A. J. & C. Garfunkel and President of
Garfunkel Development Corporation. “Our relationship management
team ensured we received the right guidance to close this deal, and
we look forward to partnering with EagleBank again on upcoming
projects in the region.”
The transaction was handled by EagleBank’s
experienced commercial real estate team, including Senior Vice
President, Market Executive Kathy Harbold, and Vice President, CRE
Portfolio Manager David Redmond.
“This loan project and partnership is
representative of EagleBank’s growing loan portfolio across the
Washington, DC metro region,” said Ryan Riel, Executive Vice
President and Chief Real Estate Lending Officer. “Our Relationships
FIRST client promise continues to offer the best service experience
in the region. Our clients value this and continue to trust us in
delivering the best possible loan outcome for their business
needs.”
About A. J. & C.
Garfunkel
A. J. & C. Garfunkel is an experienced and
knowledgeable commercial real estate and insurance company that has
been in business for over 100 years. Located in Savannah, Georgia,
A. J. & C. Garfunkel specializes in the development,
acquisition, management and insuring of commercial real estate. Our
projects include retail, mixed use and industrial properties
totaling over 3.5 million square feet across the United States.
About EagleBank
Eagle Bancorp, Inc. is the holding company for
EagleBank, which commenced operations in 1998. EagleBank is
headquartered in Bethesda, Maryland, and conducts full service
commercial banking through 14 offices, located in Suburban,
Maryland, Washington, D.C. and Northern Virginia. EagleBank focuses
on building relationships with businesses, professionals, and
individuals in its marketplace.
EagleBank ContactVikki KayneChief Marketing
Officer301.986.1800
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