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Cronheim Mortgage Arranges $70M Acquisition Loan for Long Island Shopping Center
COMMACK, N.Y. — New Jersey-based intermediary Cronheim Mortgage has arranged a $70 million acquisition loan for the 221,000-square-foot Mayfair Shopping Center in Commack, located on Long Island. Built in 1958, the center was 99 percent leased at the time of sale.
COMMACK, N.Y. — New Jersey-based intermediary Cronheim Mortgage has arranged a $70 million acquisition loan for the 221,000-square-foot Mayfair Shopping Center in Commack, located on Long Island. Built in 1958, the center was 99 percent leased at the time of sale. Lidl, Planet Fitness and PGA Tour Superstore are the anchors, and other tenants include Gap, Sephora, J.Crew Factory, H&R Block, Tropical Smoothie Café and MyGym. Allison Villamagna and Andrew Stewart of Cronheim represented the seller
Source
- REBusinessOnlinerebusinessonline.com
