Permanent Loan - Refinance$11,000,000
93,388 SF Grocery Anchored Retail Plaza
Axiom Capital Corporation announces the closing of a $11,000,000 permanent loan for the refinance of a 93,388 SF grocery anchored shopping center, in the Town of Colonie, Albany County, NY. The plaza strategically sits at the intersection of Wolf Road and Sand Creek Road, with direct nearby access to both Interstate 90 and Interstate 87. Due to its proximity to travel arteries, some of the Capital District’s largest employers, and vast residential centers, more than 28,000 vehicles pass the plaza per day. The excellent exposure and visibility for tenants in the Wolf Road area draws a myriad of competitive businesses. Therefore, not only does this area contain a high concentration of locally known and nationally recognized tenants, but it serves as one of the largest retail hubs in the Albany-Schenectady-Troy metropolitan area.