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Brokerage
Posted: May 15, 2018
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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