Delitsky and Newman of HFF secure $22.5 million for Expressway Plaza

According to the New York  office of Holliday Fenoglio Fowler, L.P., (HFF) it recently arranged a $22.5 million refinancing for Expressway Plaza Shopping Center, a  94,026 s/f shopping center anchored by a King Kullen Supermarket. HFF managing director Robert Delitsky and real  estate analyst Todd Newman worked on behalf of the borrower, Empire Realty  Associates, LLC, to secure the 10-year, fixed-rate leasehold mortgage through  Signature Bank. The borrowing entity is comprised of The Kalikow Group  of Westbury, N.Y., led by Edward Kalikow, and Feldco Development Corp. of New Canaan, Conn., led by Barry Feldman. Completed in 1998, Expressway Plaza Shopping Center is occupied  by 11 tenants and is located on Richmond Ave. in the Bulls Head  neighborhood.  The property has four buildings and is  anchored by a 60,413 s/f King Kullen Supermarket with additional  tenants including Applebee's Neighborhood Grill and Bar, Richmond County  Saving Bank (part of the New York Community Bank family) and Sleepy's.   "Ownership is currently undertaking an 8,500 expansion of the shopping  center as demand for retail space in Staten Island is very strong," said  Delitsky.