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11/11/24
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Wood Investments Companies Inc has obtained a $20.3 mil permanent loan for Helena Skyway Regional Shopping Center, a 164.1k sf retail property in Helena, MT. The financing was provided by Wells Fargo.
Helena Skyway Regional Shopping Center is situated at 2005 Cromwell Dixon Lane, directly across from Costco at the intersection of Interstate 15 and East Custer Ave. Wood Investments acquired the property on September 2, 2022. The center is shadow anchored by The Home Depot and features major tenants such as TJ Maxx, Ulta Beauty, and Hobby Lobby.
As part of its value-add business strategy for the property, Wood Investments has recently signed new leases with Sierra (formerly Sierra Trading Post) and Chick-fil-A. Sierra is set to open on November 9th, while construction for Chick-fil-A is currently underway, with an expected opening at the end of 2025. With these developments, the center is now 100% leased.
Helena, the capital city of Montana, has a population of approximately 34,464, while the broader Helena metropolitan area, which includes Lewis and Clark and Jefferson counties, has a total population of around 96,091. Known for its strong community and economic growth, Helena presents an attractive location for retail investments.
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