NEWARK, N.J. - Prudential Mortgage Capital Company has closed a $202 million loan on behalf of its general account client for a national portfolio of 13 retail centers. The borrower is a joint venture between Regency Centers Corporation and Global Retail Investors, LLC. Global Retail Investors, LLC. is a joint venture between an affiliate of First Washington Realty and CalPERS. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU).

Jaime Zadra of Prudential Mortgage Capital’s Los Angeles office arranged the 10-year, fixed-rate loan. "We were pleased to work with Regency Centers and Global Retail Investors on this transaction, which further demonstrates our commitment to long-term relationship-based lending," said Zadra. "We look forward to working with this borrower over the life of the loan."

The portfolio includes 11 grocery-anchored retail centers, one grocery-anchored community center and one community center. Two of three properties in the Philadelphia area are built around Genuardi’s grocery stores, with the other around Acme Markets. In northern Virginia, Giant-Landover grocery stores form the hub for two of three properties, with the remaining by Shoppers Food Warehouse. Similarly, King Soopers grocery store anchors two properties in the Denver market. Also included in the portfolio are properties in northern New Jersey, Minneapolis, Baltimore, Seattle, Boulder, Colo.

Prudential Mortgage Capital Company is a national full-service, commercial and multifamily mortgage finance business with $63 billion in assets under management and administration as of March 31, 2010. Leveraging a 135-year history of real estate finance the company offers one of the most comprehensive lines of real estate finance products and originates loans for Fannie Mae DUS™, Freddie Mac Program Plus® and specialized affordable housing programs; FHA; Prudential’s general account and proprietary balance sheet program; and other institutional investors. The company maintains a loan servicing portfolio of approximately $63.4 billion, as of March 31, 2010. For more information, please visit http://www.prumortgagecapital.com.  

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $693 billion of assets under management as of March 31, 2010, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com.