April 2023 –Edgewater Group LLC (“Edgewater”) is pleased to announce the refinancing of the Paoli Town Center (“PTC”) in Paoli, PA. PTC was purchased in May 2011 for $925,000. The lender in this transaction was Meridian Bank. Proceeds from the refinancing were used to pay off a prior CMBS loan along with distributions to PTC investors.
PTC is comprised of four mixed-use buildings containing commercial, office, and multi-family units totaling a net rentable area of approximately 16,000 square feet. It is located directly across from the Paoli Train Station. The train station is served by both Amtrak trains (Keystone and Pennsylvanian) and SEPTA Regional Rail trains and is home to the future Paoli Intermodal Transportation Center. Founded in 2008,
Edgewater is a boutique multidisciplinary real estate Firm that provides advisory, management, and value-add investment services. Edgewater’s unique focus is on the micro and middle market segments in secondary and tertiary locations in the United States.