The Lightstone Group has completed the refinancing of three retail shopping centers located in North Attleboro and Manchester, Conn.

The North Attleboro shopping centers in the deal include Christmas Tree Shops Plaza, at about 98,000 square feet in size, and Cumberland Avenue Plaza, approximately 59,200 square feet in size, off of Route 1 in North Attleboro.

Hale Road, which totals about 112,000 square feet, is located directly off Interstate 84 in Manchester, Conn., a dominant retail submarket within Greater Hartford.

The financing was arranged with Bank of the Ozarks for a three-year, $23 million floating rate loan.

"This financing highlights Lightstone’s exceptional ability to navigate the debt markets and capitalize upon renewed bank interest in commercial lending," David Lichtenstein, Lightstone’s chairman and chief executive officer said in a statement. The company recently completed approximately $100 million of financing across its portfolios, he added.

Overall occupancy for the portfolio currently stands in excess of 94 percent, and all three centers are anchored by nationally recognized retail tenants. Two centers are anchored by a Christmas Tree Shops, which is owned by the national retailer Bed Bath & Beyond. The third location is anchored by Tuesday Morning, a closeout retailer with over 850 stores across the U.S., specializing in selling deeply discounted home furnishings, house wares, and gifts. Other national tenants at the centers include Guitar Center, FedEx Kinko’s, and David’s Bridal.