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| Rye Ridge Shopping Center, Village of Rye Brook, Westchester County, NY |
NEW YORK, NY – HFF announced today that it has arranged a
$72.5 million refinancing for Rye Ridge Shopping Center, Plaza, and South,
a three-property 232,000-square-foot multi-tenant neighborhood center, with ING
Investment Management.
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| Michael Trepedino |
HFF worked on behalf of the borrower, Win Properties, to
secure the fixed-rate financing for a 15-year term. Loan proceeds are refinancing existing loans on the
properties. HFF will also service the
loan.
Located in the Village of Rye Brook in Westchester County, New
York, the property consists of two retail buildings and one retail/professional
office building integrated into one complex.
Some of the property’s 78 tenants include D’Agostino’s, CVS, Chase Bank,
Ace Hardware, Starbucks, Chipotle, Chop’t, Quest Diagnostics and
SoulCycle.
According to HFF, Rye Ridge is one of the premier shopping centers and
commercial complexes in Westchester County.
The HFF team representing Win Properties was led by senior
managing director Michael Tepedino with real estate analyst David
Fowler.
“The transaction exemplified superior execution on behalf of
Win Properties and ING Investment Management and is reflective of the
professionalism and expertise of both the borrower and the lender.
“ Both parties worked well together to solve complex issues
throughout the process and it was a pleasure for HFF to help secure this
financing on one of the great retail assets in the U.S.,” Tepedino stated.
Win Properties, Inc. was incorporated in 1986. It is a 60-plus year old privately owned
enterprise that invests, develops, leases, and manages its portfolio of
properties in 35 states plus Canada.
The properties are predominately retail and are either downtown Main
Street, freestanding, or community strip shopping centers. Additionally Win owns residential rental
apartment units in New York City.
. For a complete
copy of the company’s news releases, 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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