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Retail

Permanent Loan - Acquisition

  • $36,000,000
  • 438,097 sf Grocery Anchored Power Center
  • Wilton, NY

Axiom Capital Corporation announces the closing of a $36,000,000 permanent loan for the acquisition of a 438,097 SF grocery anchored power center in the Town of Wilton, Saratoga County, NY. The center has a complimentary mix of retailers, restaurants and other services. This shopping center is strategically located with excellent frontage (1,600± feet) and signalized access on Route 50, the area’s primary retail corridor (31,950± cars per day). The center is easily accessible with 6 means of ingress and 5 means of egress and enjoys easy access to the area’s major thoroughfares, 1.37 miles from Route 9 (14,100+/- cars per day), 1.15 miles from Route 29 (15,200 +/- cars per day), and less than 0.5 miles from I-87 (48,600 +/- cars per day).  At closing, the center was 100% leased by anchors Target (with pharmacy), Home Depot, and Market 32 by Price Chopper (with pharmacy), as well as nationally recognized tenants including Staples, PetSmart, A.C. Moore, Rite Aid, Barnes & Noble, GameStop, VisionWorks, GNC, and Supercuts, and several local tenants.  The Wilton/Saratoga Springs area is one of the Capital Districts busiest and fastest growing submarkets.