The Bay Shore shopping center is 100% occupied, anchored by anewly expanded and remodeled 60,000-sf Super Stop & Shopsupermarket. In addition, the property boasts regional and nationaltenants, including Eckerd, Dunkin' Donuts and Blockbuster.
This transaction demonstrates the emphasis GE Real Estate placeson building strong customer relationships. "GE rate-locked thisdeal even though we were in the middle of the sub-prime lendingimplosion," says the broker, Paul Greenbaum of GCP Capital GroupLLC.
David Cohen, regional director with GE Real Estate notes that,"in spite of the changes that occurred in the financing marketduring this deal, those relationships were our top priority. Wewant to continue to be a dependable financing partner."
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