- Retail Plaza
- Latham, NY
Axiom Capital has structured and arranged a $8,600,000 permanent loan for the refinance of a retail plaza located in the Latham area of the Town of Colonie, Albany County, New York.
The property consists of approximately 107,245 square feet of retail, with some office space, in 9 separate buildings situated on approximately 15.77 acres. The property is strategically situated along Loudon Road, a commercial/primary retail corridor, with traffic of more than 20,000 vehicles per day. The Property is well situated as it pertains to the area’s largest demand drivers including Siena College and residential neighborhoods that are some of the most expensive in the Capital Region. In 2021, the population within a 3-mile radius of Newton Plaza was 58,130 with an average household income of $113,499.