CBRE Secures $15M Refinancing for Halvorsen Holding’s Cahaba Crossing Shopping Center Near Birmingham

1/20/2025

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REBusinessOnline

• Subcategory: Capital Markets: Debt, Retail: Shopping

• Tag: Closing

• Additional Filters-Subcategory: Capital Markets: Debt-Refinance, Retail: Grocery Anchored

• Company: Publix Super Markets Inc., CBRE Group (NYSE: CBRE)

CBRE has secured a $15 million loan to refinance Cahaba Crossing, a 67,874-square-foot shopping center located in the Birmingham suburb of Irondale. A 48,837-square-foot Publix supermarket anchors the 9.8-acre property.

Richard Henry, Mike Ryan, Brian Linnihan and JP Cordiero of CBRE secured the loan on behalf of the borrowers, Halvorsen Holdings and Ezon Inc. Carmel, Ind.-based 40|86 Advisors provided the five-year, fixed-rate, interest-only loan.