Five Towns Shopping Center

Property Name: Five Towns Shopping Center
Location: Woodmere, NY
Property Type: Retail
Transaction Type: First Mortgage
Loan Amount: $45,000,000
Details: Houlihan-Parnes Realtors, LLC and Q10 New York Realty Advisors, LLC are pleased to announce the placement of an investment-grade $45,000,000 first mortgage on the Five Towns Shopping Center located at 253-01 Rockaway Boulevard, Woodmere, New York. The interest-only loan is fixed at a 3.425% rate for the full ten year term. The non-recourse financing was done at par with a National Lender. The 500,000 s.f. Center is located in the Five Towns area of Nassau County, just east of JFK International Airport. The Center has 19 tenants that include Lowe’s Home Center, K-Mart, TJMaxx, Conway, The Children’s Place, T-Mobile, and Applebee’s, as well as the new addition of a Walmart Marketplace and Modell’s. The loan was placed by Jim Houlihan, Mike O’Neill, and Bryan Houlihan of Houlihan-Parnes and the Borrower was represented in the transaction by Elizabeth Smith of Goldberg Weprin Finkel Goldstein LLP.

Houlihan-Parnes Realtors, LLC is a multi-faceted real estate investment company headquartered in White Plains, N.Y. Founded in 1891, its companies and affiliates are engaged in the acquisition and ownership of all types of commercial real estate investment property in the continental United States. Our mortgage brokerage affiliate, Q10 | New York Realty Advisors, is a member of Q10 Capital, LLC a leading commercial mortgage banking and investment sales company with 26 offices in 20 states nationwide.

Houlihan-Parnes and its affiliates specialize in commercial mortgage finance, investment sales, property management, leasing, mortgage servicing and consulting. For more information, please contact James J. Houlihan at (914) 694-6070, ext. 324 or by e-mail at: jjh@houlihanparnes.com.
More Info: James J. Houlihan at 914-694-6070 or contact me