Babcock Ranch shopping center gets refinance

The owners of a Publix-anchored shopping center in Babcock Ranch have refinanced the property for $17.74 million.

Kitson & Partners, which is building the all-solar community in rural Southwest Florida, opened the 84.410-square-foot Crescent B Commons shopping center in 2021. It was the first major grocery store and major retail center to open in the master-planned community.

CBRE arranged for the financing but did not disclose the terms nor what the money will be used for…

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