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| Roosevelt Raceway Center, Corporate Drive, Westbury, NY |
NEW YORK, NY – HFF announced today that it has secured an
$85 million financing for Roosevelt Raceway Center a 428,395-square-foot
retail power center in Westbury, New York.
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| Robert Delitsky |
Working on behalf of the borrower, a joint
venture of Mattone Group LLC and Gartenstein Properties, HFF placed the
fixed-rate loan with New York Community Bank.
Roosevelt Raceway Center is located along Corporate Drive in
the Long Island suburb of Westbury.
Completed in 1995, the property is leased to tenants including Fairway
Market, Home Depot, Michael’s, Babies “R” Us, Sprint, AMC Theatres, Applebee’s
and Chili’s.
Ownership recently
oversaw the opening of Joe’s Crab Shack at the Center, its third restaurant
location on Long Island. In addition,
PGA Tour Superstore will be opening its first store on Long Island this
winter. PGA Tour Superstore will occupy
44,000 square feet.
The
HFF team representing the borrower was led by managing director Robert
Delitsky.
The Mattone Group is a Queens-based development company that
currently owns and manages more than 2 million square feet of commercial
property in the New York Metro area, Georgia and Florida.
Gartenstein Properties is a Brooklyn-based development and
management company with over 70 years
of real estate experience.
For
a complete copy of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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