Real Estate
Home›Real Estate›Industry›Principal Financial Group provides $32M refinancing fo…
Principal Financial Group provides $32M refinancing for Queens shopping center
The 96,028-square-foot Springnex Plaza is 100 percent occupied and sits on 5.58 acres, according to the deal details.
An affiliate of Mattone Investors secured $32 million to refinance Springnex Plaza, a Queens shopping center anchored by a Stop & Shop supermarket in Springfield Gardens, Commercial Observer reported.
Principal Financial Group provided the debt for the transaction, which was arranged by Northmarq executives Robert Delitsky and Charles Cotsalas.
The center totals 96,028 square feet and is located at 134-40 Springfield Boulevard on 5.58 acres, with 100 percent occupancy, Commercial Observer said.
Beyond Stop & Shop, tenants at Springnex Plaza include IHOP, fashion retailer Ashley Stewart, and Northwell Health GoHealth Urgent Care, the outlet added.