An $82 million refinancing secured by Rappaport will help support the continued evolution of Central Park in Fredericksburg, Virginia, one of the Mid-Atlantic’s premier retail destinations. The financing provides capital for property improvements and leasing initiatives across 28 retail buildings, reinforcing Rappaport’s long-term commitment to the center and its diverse mix of national retailers.
The transaction follows more than 213,000 square feet of new leases and renewals completed over the past two years and positions the property for continued growth, investment, and merchandising success at one of the East Coast’s largest power retail centers.
