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CRONHEIM MORTGAGE ARRANGES $7,800,000 FOR
PIONEER PLAZA IN
ARLINGTON, TEXAS
Arlington, Texas - Andrew Stewart of David Cronheim Mortgage Corporation has
arranged financing of $7,800,000 for Pioneer Plaza, a 99,059 square foot
shopping center anchored by Kroger and Chuck E. Cheese. The property is located
at the intersection of Pioneer Parkway (Rt-303) and Fielder Road, approximately
three miles east and west of Interstate highways connecting Dallas and Forth
Worth. Arlington, Texas boasts a population of 365,000 residents and is
conveniently located in the center of Dallas-Ft. Worth Metroplex. Within a
25-mile radius of the center of Arlington is a workforce of over 2-million
people. The loan carries a 10-year term and 30 year amortization at an interest
rate of 5.72%.
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