Cassidy of KeyBank originates $17.2 million CMBS financing for Henrietta Plaza to refinance existing debt

Henrietta, NY KeyBank Real Estate Capital has originated $17.2 million in CMBS, first mortgage financing for Henrietta Plaza. Built in multiple phases during 1969, 1971, 1988 and 2012, the property is comprised of four, single-story buildings totaling 250,000 s/f.

William Cassidy of Key’s Commercial Mortgage Group arranged the non-recourse, fixed-rate financing with a 10-year term and 30-year amortization schedule. The loan was used to refinance existing debt.

The retail property is occupied by 20 national and regional tenants, including anchor tenant At Home and junior anchor tenants, Staples and Big Lots. Additional tenants include Burger King, Starbucks, Five Guys, Dairy Queen and Subway.

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Investment Property Realty Group closes $2.65 million sale of 723 6th Ave. in Greenwood Heights

Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 723 6th Ave., a mixed-use building located in the Greenwood Heights section of the city, for $2.65 million.

CM&B completes 15,000 s/f Activate Games NYC debut in Union Square

Investment Property Realty Group closes $2.175 million sale of 247 Leonard St.

IPRG closes $2.175m sale of 247 Leonard St.

GFP Real Estate continues leasing momentum at 322 Eighth Ave. with 9,952 s/f of transactions

GFP continues leasing momentum at 322 Eighth Ave.

Zimmet Law Group signs 5,476 s/f lease at GFP Real Estate’s 515 Madison Ave.

Zimmet Law signs 5,476 s/f lease at GFP’s 515 Madison Ave.

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