O’Connor Capital Partners has secured a $74.48 million refinancing for Shops at Stonefield, a premier Trader Joe's–anchored and Costco shadow-anchored retail destination in Charlottesville, Va.
Shops at Stonefield is located at 2100 Hydraulic Road, at the intersection of Route 29/Seminole Trail Road and Hydraulic Road. The property sits two miles north of the University of Virginia.
The 267,294-square-foot retail center is 92 percent occupied and 98 percent leased with a diverse tenant mix of high-end shopping, dining and entertainment retailers, including Trader Joe's, L.L. Bean, Lululemon, Sephora and a 14-screen Regal Cinema with the only IMAX theater in Charlottesville.
Shops at Stonefield is part of a 43.5-acre master-planned community that includes a 137-room hotel, a 455,000-square-foot facility occupied by Northrop Grumman, and three residential properties totaling 686 combined units, including a recently delivered 227-unit luxury multifamily communi
