Miami, Florida – August 5, 2008 –
Steve Wood and Alan R. Cohen of Thomas D. Wood and Company secured financing in the amount of $12,000,000 for two Publix stores in Stockbridge and McDonough, Georgia. Both properties were financed through Thomas D. Wood and Company’s relationship with a regional banking institution.
Wood and Cohen arranged financing in the amount of $6,100,000 for Publix at McDonough West, and $5,900,000 for Publix at Stockbridge Village Lakes, at a floating rate of LIBOR + 225 basis points. The 35-month, interest-only loan has a loan-to-value of 75%. Publix at McDonough West is an 80,773 square-foot anchored shopping center, built in 2001 and located at 250 Jonesboro Road, McDonough, Georgia. Publix at Stockbridge Village Lakes is a 78,605 square-foot shopping center, built in 2002 and located at 250 East Atlanta Road, Stockbridge, Georgia.
Thomas D. Wood and Company is an independently owned, leading commercial mortgage banking firm in the southeast. Thomas D. Wood and Company has correspondent relationships with fourteen major life insurance companies, in addition to Wall Street, and is a member of Strategic Alliance Mortgage (SAM). SAM is a unique company consisting of twenty regional commercial mortgage banking firms that share real-time market information. Thomas D. Wood and Company’s servicing portfolio is approaching $1 billion, and consists of long-term mortgages on a variety of commercial properties. These properties include: Retail, Industrial, Office, Senior Housing Communities, Self-storage, Apartments, Warehouses, Hotels and Mobile Home Parks. Thomas D. Wood and Company’s corporate office is located at 95 Merrick Way, Suite 360, Coral Gables, Florida 33134, with branch offices located at 1700 South MacDill Avenue, Suite 240 A, Tampa, Florida 33629, 1215 Louisiana Avenue, Suite 100, Winter Park, Florida 32789, and 6802 Honeysuckle Trail, Lakewood Ranch, Florida 34202. The website may be accessed through www.tdwood.com.
Steve Wood (305) 447-7820 swood@tdwood.com
Alan R. Cohen (305) 447-7820 acohen@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
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