(For more retail coverage, click GlobeSt.com/RETAILto read more on thedebt and equity markets, click here.)
MIDDLETOWN, NY-National Realty & Development Corp. hasrefinanced its Orange Plaza shopping center here to the tune of$90.5 million. John Orrico, managing director of the Purchase-basedfirm, says National decided to refi to take advantage of thecurrent low mortgage interest rates. He adds that the firm hasopted to refinance approximately 85% of its 14-million-sf portfolioto date.
The 900,000-sf Orange Plaza open-air shopping center has only14,000 sf of space available at the moment. Recently, a new RubyTuesday's opened its doors and a refurbished Taco Bell restaurantwas also completed.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
