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| Jamaica Center, Queens, NY |
NEW YORK, NY – HFF announced today that it has arranged an
$81 million financing for Jamaica Center, a mixed-use property located
in the Jamaica section of Queens, New York.
HFF
worked exclusively on behalf of the sponsor, Mattone Group LLC, to secure the
10-year, fixed-rate loan with Jefferies Loan Core LLC.
Developed by Mattone Group LLC in 2002, Jamaica Center is an urban retail
center, which includes a 15-screen, 3,300-seat theater, office space and a
375-space parking garage.
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| Robert Delitsky |
Key retail tenants
at the fully occupied center include a National Amusements theater, Old Navy,
Bally Total Fitness, K&G Fashion Superstore and Walgreens. The State of New York, through its Queens
Educational Opportunity Center (QEOC) leases the entire office portion of the
property.
Jamaica Center is located at 15902 Jamaica Avenue directly
north of John F. Kennedy International Airport in the southeastern part
of Queens. The property is served by
three subway lines and 26 bus lines.
The
HFF team representing the sponsor was led by managing director Robert
Delitsky.
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| Michael X. Mattone |
“Throughout the years, Mattone Group LLC has done an
outstanding job of developing commercial properties in the boroughs; Jamaica
Center is a great example of this,” said Delitsky. “In addition, Jeffries LoanCore had the vision to recognize the
property’s dominant standing in the marketplace.”
“HFF did a superb job running the process and getting to a
flawless closing,” stated Mattone Group LLC, CFO, Michael X. Mattone.
Mattone Group LLC is a Queens-based commercial and residential
development, management and construction company.
Contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |
www.hfflp.com
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