Kitley declined to reveal the interest rate of the loan, but,through a spokesperson, tells GlobeSt.com it was "a 10-year, fixedrate deal with five years of interest only, at a very competitiverate." In a statement, he credits GMACCM's "ongoing relationshipwith Kramont, stemming back to 1998," with affording his company"the opportunity to access the capital markets for thistransaction."

A 42,487-sf Genuardi's supermarket and an 8,452-sf Eckerd drugstore anchor Village at Newtown. Among the other several dozentenants, which encompass national and regional retailers andrestaurants, are Radio Shack, General Nutrition Center, and AmazonCafé. It is approximately 92% leased.

As of June 30, 2004, Kramont owned, operated, managed, or hadunder development 92 properties in 16 states with an aggregate ofalmost 12.2 million sf. Approximately 80% of its shopping centersare anchored by grocery, drug, or value-oriented stores. GMACCM hasa servicing portfolio of more than $241 billion.