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%.