Axiom Capital Corporation announces the closing of an $11,450,000 permanent loan for the refinance of a 65,000 SF grocery store located in the hamlet of Slingerlands, in the Town of Bethlehem, Albany County, NY. The property is fully occupied by ShopRite and surrounding retailers include Berkshire Bank, SEFCU, Massage Envy, Garden Bistro 24, and Roux. ShopRite is a retailers’ co-op owned by Wakefern Food Corporation and based in Keasbey, New Jersey. Wakefern is the largest retailers’ food co-op in the United States and employs more than 70,000 people; it is also the largest employer in New Jersey where it employs 36,000 people.
Commercial Real Estate Finance & Advisory