The Pennsylvania-based finance and advisory firm Prestige Group has arranged $42 million for the refinancing of The Marketplace at Huntingdon Valley, a 259,000 sqft shopping center located at 2010 County Line Road.

“Our loan was ready to roll over so we just refinanced the existing loan. Our term limit was up,” a representative from The Marketplace said. “We’re doing great here. All of our businesses are performing well.”

According to REBusinessOnline.com, “Bob Cohen of Prestige Group arranged the financing, which consisted of a $25 million senior loan and a $17 million junior loan, through two undisclosed regional banks. The borrower was also not disclosed.”

From The Marketplace’s description:

The Marketplace at Huntingdon Valley is the home of more than 45 popular retail stores, restaurants and service establishments. Major anchor tenants include Weis Markets, Sears Hardware and LA Fitness. Other destination merchants are Starbucks, Rite Aid, Fine Wine and Good Spirits, Hand and Stone Massage and Facial Spa, Dunkin’ Donuts, Pet Valu, GNC, Mandee, Hair Cuttery and Bertucci’s. The remaining stores represent a diversified mix of consumer goods, personal and financial services and restaurants.

Earlier this month, Prestige Group arranged a $20 million loan for the refinancing of an 81,500 sqft office and retail property in Jenkintown.

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Photos courtesy of The Marketplace