Capital Pacific recently closed a $9 M Gordmans store, located within a 30-acre Power Center in Peoria, IL. What made the deal challenging was a non-credit tenant, unfamiliar to most investors outside of the mid-west. In reality, Gordmans is a low-cost department store with annual sales of over $350 M, and 63 locations in 15 states. It took some grit, but Capital Pacific was able to identify a semi-institutional West Coast buyer.
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