News:
Brokerage
Posted: February 13, 2024
The Feil Organization completes $23.5 million refinancing of Home Depot Shopping Center
Elmont, NY The Feil Organization completed a $23.5 million refinancing of Home Depot Shopping Center provided by Principal Asset Management. Estreich & Company represented the Feil Organization in the transaction.
“We are pleased to have secured this refinancing for Home Depot Shopping Center alongside a strong sponsor,” said Brian Feil, principal at the Feil Organization. “Considering the current state of the lending market, this deal showcases our ability to secure attractive financing and reaffirms the strong appetite for well-located retail properties with great tenants in Nassau County.”
Located at 600 Hempstead Tpke., Home Depot Shopping Center is a 269,490 s/f retail center. It is located on Hempstead Tpke. off the Cross Island Pkwy. and has major tenants such as Home Depot, Marshalls and Target. Currently 100% leased, Feil has owned the asset since 1992.
Tags:
Brokerage
MORE FROM Brokerage
Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
Quick Hits
 (2).gif)
Columns and Thought Leadership
A guide to finding the right NYC property management company - by Sanjay Gandhi
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Positive forecast for New York’s pro-housing push? - by Philip Butler
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
.gif)
September Promotion
