Gantry Secures $22M Refinance for Chesterfield Commons Retail Center Near St. Louis

The new loan replaces maturing debt on the 750,000-square-foot power center anchored by Walmart, Sam's Club, Lowe's, and other national retailers.

Mar. 31, 2026 at 9:24pm

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An extreme close-up of the intricate mechanical systems and heavy machinery that power a large retail center, conveying the scale, complexity, and industrial nature of modern commercial real estate.The refinancing of Chesterfield Commons highlights the institutional capital flowing into well-leased suburban retail power centers, even as the broader industry faces headwinds.Chesterfield Today

Gantry, a commercial real estate finance firm, has arranged a $22 million permanent loan to refinance maturing debt on Chesterfield Commons, a large retail power center in Chesterfield, Missouri, a suburb west of St. Louis. The 750,000-square-foot property is well-stabilized and anchored by a lineup of national retailers including Walmart, Sam's Club, Lowe's, Best Buy, and Ross, along with around 40 additional tenants across various retail categories.

Why it matters

The refinancing of Chesterfield Commons highlights the ongoing demand from institutional lenders, particularly insurance companies, for well-leased retail power centers in established suburban markets. This transaction exemplifies the lending thesis around these types of retail assets, which are seen as stable investments despite broader challenges facing the retail sector.

The details

The new five-year, fixed-rate, non-recourse loan features full-term interest-only payments and was provided by one of Gantry's correspondent insurance company lenders. The refinancing replaces existing debt that was coming due on the property. Gantry's St. Louis production office, led by Principal Joe Monteleone and Associate Rulin Dai, represented the borrowing entity, which is identified as a private real estate investor.

  • The refinancing closed on March 31, 2026.

The players

Gantry

A commercial real estate finance firm that arranged the $22 million refinancing loan for Chesterfield Commons.

Chesterfield Commons

A 750,000-square-foot retail power center in Chesterfield, Missouri, anchored by national retailers such as Walmart, Sam's Club, Lowe's, Best Buy, and Ross.

Joe Monteleone

Principal at Gantry's St. Louis production office, who led the refinancing transaction.

Rulin Dai

Associate at Gantry's St. Louis production office, who worked on the refinancing transaction.

Private real estate investor

The borrowing entity that owns Chesterfield Commons.

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What they’re saying

“Insurance company lenders are allocating a growing share of their lending capacity to retail properties, with particular focus on power centers such as Chesterfield Commons, as well as grocery-anchored centers and neighborhood retail assets.”

— Joe Monteleone, Principal, Gantry

What’s next

The new five-year, fixed-rate loan will mature in March 2031, at which point the borrower may seek to refinance the property again.

The takeaway

The refinancing of Chesterfield Commons demonstrates the continued investor and lender interest in well-leased, stabilized retail power centers in established suburban markets, even as the broader retail sector faces challenges. This transaction highlights the ability of institutional capital, such as insurance companies, to provide financing for these types of retail assets.