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Barclays Refinances $52M for Silver Spring Retail Center

  //business-finance.news-articles.net/content/202 .. inances-52m-for-silver-spring-retail-center.html
  Published in Business and Finance on Thursday, January 22nd 2026 at 15:55 GMT by Commercial Observer
      Locales: Maryland, UNITED STATES

Silver Spring, MD - January 22, 2026 - In a demonstration of continued confidence in the grocery-anchored retail sector, Barclays has finalized a $52 million refinance loan for The Shops at White Oak, a prominent 235,000-square-foot retail center in Silver Spring, Maryland. The deal, secured by JLL Capital Markets on behalf of Regency Centers, underscores the ongoing appeal of well-positioned, necessity-based retail assets even amidst fluctuating economic conditions.

The refinance allows Regency Centers to capitalize on the strong performance of The Shops at White Oak, a property currently boasting a 98% occupancy rate. This high occupancy is largely attributed to its anchor tenant, Giant Food, a well-established and popular grocery chain serving the greater Washington D.C. metropolitan area. Grocery-anchored centers have proven remarkably resilient in recent years, particularly in the face of e-commerce disruption, as consumers continue to prioritize convenient access to essential goods.

Jamie Hodson, Managing Director at JLL Capital Markets, emphasized the successful navigation of challenging market conditions. "Despite volatility in the capital markets, we were able to deliver a highly competitive loan for our client," Hodson stated. "Barclays understood the strength of the asset and the sponsor, and was able to quickly close the transaction." This swift execution highlights Barclays' willingness to deploy capital in stable, well-performing assets, even when broader economic uncertainties persist.

The fixed-rate structure of the loan provides Regency Centers with predictability and stability in its financing costs, allowing for long-term planning and investment in the property. Experts suggest that fixed-rate financing is becoming increasingly attractive to borrowers as interest rate volatility remains a concern. Locking in a fixed rate provides a hedge against potential increases in borrowing costs, protecting cash flow and profitability.

The Enduring Appeal of Grocery-Anchored Retail

The success of this refinancing aligns with a broader trend in commercial real estate: the sustained demand for grocery-anchored retail centers. These centers benefit from consistent foot traffic, driven by the necessity of grocery shopping. Unlike discretionary retail, which can be heavily impacted by economic downturns and changing consumer preferences, grocery stores remain essential, providing a reliable revenue stream for the entire center.

Furthermore, The Shops at White Oak's location at 11160 Piney Branch Road in Silver Spring benefits from strong demographics and a desirable trade area. Silver Spring is a densely populated suburb of Washington D.C. with a diverse population and a growing economy. This provides a solid foundation for the retail center's continued success.

Regency Centers and JLL: Key Players in the Retail Landscape

Regency Centers, a leading national owner, operator, and developer of shopping centers, manages a portfolio exceeding 400 properties across the United States. Their expertise in identifying, developing, and managing successful retail centers is a key factor in the continued appeal of assets like The Shops at White Oak. The company's commitment to creating vibrant and community-focused shopping experiences resonates with both tenants and consumers.

JLL Capital Markets, a division of the Fortune 500 firm JLL (NYSE: JLL), played a crucial role in facilitating the transaction. With annual revenue of $88 billion and operations in over 80 countries, JLL provides a comprehensive suite of real estate services, including capital markets, leasing, property management, and investment management. Their deep market knowledge and extensive network of lenders were instrumental in securing favorable financing terms for Regency Centers. The JLL team, led by Hodson, Koelsch, and Collins, demonstrated a clear understanding of the asset and the needs of their client.

Looking Ahead

The $52 million refinance of The Shops at White Oak signals continued investor interest in high-quality, grocery-anchored retail assets. As the economic landscape evolves, these centers are poised to remain resilient, providing essential services and contributing to the vitality of local communities. The successful collaboration between Barclays, Regency Centers, and JLL highlights the importance of strategic partnerships in navigating the complexities of the commercial real estate market.