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Retail

Permanent Loan - Refinance

  • $10,300,000
  • 90,953 SF Grocery Anchored Retail Plaza
  • Colonie, NY

Axiom Capital Corp. has arranged $10,300,000 in permanent financing for the refinance of a grocery anchored retail plaza located in Colonie, NY within the suburb of Loudonville, one of the Capital District’s (Albany MSA) wealthiest suburban locations.

The 90,953 square foot Property has excellent access and visibility with more than a 16,000 annual average daily traffic count at its location on Albany Shaker Road. At the time of closing the property was 100% occupied with 76% of the space leased to tenants that have been in place since 2009 or earlier. The tenant mix includes nationally and regionally recognized companies as well as local companies. These include a supermarket, banks, a gym, the USPS, a restaurant, and a real estate firm.