Permanent Loan - Acquisition
- 308,900 SF Grocery Anchored Retail Plaza
- Latham, NY
Axiom Capital has arranged $38,000,000 in permanent financing for a grocery anchored retail plaza in Latham, NY. The non-recourse loan is for 10 years at a fixed rate amortizing over 30 years.
The Property has an irreplaceable location in the heart of the Capital District, superb demographics as well as excellent access and visibility. More than 158,000 residents live within a five-mile radius, making it one of the denser areas in the Capital Region. The property is located at the intersection of Routes 9 and 2, two major retail corridors with high traffic counts.
Latham is regarded as one of the wealthiest areas in Albany County. Albany County is one of the Capital Districts busiest and fastest growing submarkets. In addition to an impressive trade area consisting of more than 500,000 people, there are eight major universities/colleges with more than 40,000 students located within 25 minutes of The Shoppes at Latham Circle.