Search
 

Queens MXD Raises Capital for a Refi

NEW YORK CITY—Providing retail, office and industrial space, the Middle Village-area property is 100% occupied.

Rentar Plaza Rentar Plaza is a roughly 1.6-million-square-foot mixed-use property with retail, office, and warehouse space.

NEW YORK CITY—Rentar Development Corp. has nabbed $132 million of 10-year term fixed rate CMBS financing for the refinancing of Rentar Plaza. Located in the Middle Village section of Queens, the property is located at 66-26 Metropolitan Ave. Provided by Natixis Real Estate Capital, the financing was arranged by Mark Niman and Richard Horowitz of Cooper-Horowitz here.

The property is a roughly 1.6-million-square-foot mixed-use property with three stories of retail, office, and warehouse space that is 100% occupied by 11 tenants.  Built in 1973, Rentar Plaza sits on approximately 22.1 acres and includes a total of 1,800 parking spots, resulting in a parking ratio of 1.15 per 1,000 square feet of rentable area.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Rayna Katz

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

More from this author

Recommended Stories

How Goodwin Became a Household Name in Startup Community

How Goodwin Became a Household Name in Startup Community

Xiumei Dong |

“We are looking to grow our footprint at this point,” said partner Lynda Galligan, who has led the firm’s California growth. “We have everything covered, it's just a matter of growth.”

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.