Newmark arranges $104 million financing for Fritz Farm in Lexington, Kentucky
NMRK•Newmark arranged a recapitalization of Fritz Farm that included $104 million in senior financing provided by funds managed by Blackstone, with Kimco Realty joining as a preferred equity investor.
1. Fritz Farm financing
Newmark arranged the recapitalization of Fritz Farm, a lifestyle center in Lexington, Kentucky, on Oct. 26, 2026. Funds managed by Blackstone provided $104 million in senior financing, and Kimco Realty joined as a preferred equity investor. Hendricks Commercial Properties acquired the property in 2025.
2. Property details
The 330,077-square-foot center is 92.6% occupied. Approximately six acres are available for future development, with development rights for additional retail and residential components.
