Real Estate
Home›Real Estate›Industry›Grocery-Anchored Springnex Plaza in Queens Gets $32M F…
Grocery-Anchored Springnex Plaza in Queens Gets $32M Financing
The 96,028-square-foot, 100% occupied retail center is anchored by Stop & Shop and spans about 5.58 acres in Springfield Gardens.
ConnectCRE reports that Northmarq arranged $32 million in financing for Springnex Plaza, a grocery-anchored retail property in Springfield Gardens, Queens.
The center totals 96,028 square feet across approximately 5.58 acres and is described as a 100% occupied, multi-tenant shopping center.
Financing was arranged on behalf of the owner, Mattone Group Springnex LLC, through Principal Financial Group.
Northmarq executives said the property’s strong occupancy and supermarket anchor have helped sustain lender interest, noting that Springnex Plaza has been developed and maintained since 2000 and includes tenants such as Stop & Shop, Ashley Stewart, IHOP, and Northwell Health.