In Re Stockbridge Properties I, Ltd.

MEMORANDUM OF OPINION

STACEY W. COTTON, Bankruptcy Judge.

Before the court is the motion of debtor, Stockbridge Properties I, LTD., an Alabama limited partnership, to value the secured claim of respondent, First Union National Bank (“First Union”). This is a core matter pursuant to 28 U.S.C. § 157(b)(2)(B). The court’s findings of fact and conclusions of law are set forth hereinafter.

FACTS

Debtor is the owner of a shopping center known as Freeway Junction South Shopping Center (“shopping center”). The shopping center is occupied by two anchor tenants and several smaller retailers. Six…