News:
Brokerage
Posted: February 11, 2025
Pyramid Management secures loan
extension for Sangertown Square
New Hartford, NY Pyramid Management Group has secured a three-year extension for the loan on Sangertown Square. This extension will allow Pyramid to continue to reinvest in the property and ensure its vitality, vibrancy and sustained success in Central New York and the Mohawk Valley.
“Sangertown Square has long been a strong performing center. Pyramid’s dedication to innovation and enhancing the guest experience, enabled us to successfully extend the loan on the shopping center,” said Stephen Congel, chief executive officer, Pyramid Management Group. “We are excited to build on this success in the years ahead and remain committed to ensuring the vitality, vibrancy, and dominance of Sangertown Square. We have great plans for the center and look forward to executing them.”
Sangertown Square is the only enclosed shopping center within a 50-mile radius and serves a growing technology driven economy in the Mohawk Valley region. Anchored by Boscov’s, Dick’s Sporting Goods, Target and Home Goods, Sangertown Square offers over 50 retail and entertainment venues including DSW, H&M, PiNZ, Billy Beez, Victoria’s Secret and coming soon, Fun Hub Action Park.
Sangertown Square is an employment driver in the region, with 1,090 people employed by Pyramid and its tenants.
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