 |
| Robert Delitsky |
NEW YORK, NY – HFF announced today that it has secured a
$16.88 million construction and permanent loan for the development of a
63,000-square-foot freestanding ShopRite supermarket in Staten Island,
New York.
Working on behalf of the borrower, HFF placed the 22-year, fixed-rate
construction and permanent loan with a national life insurance company. The loan will convert to a 20-year, self-liquidating
loan upon completion of the project.
 |
| Thomas Didio |
Slated for completion in 2015, the property is fully leased to ShopRite
supermarket. Situated on 4.3 acres, the
store is located at 3010 Veterans Road near the Richmond Parkway and Pearl
Harbor Memorial Expressway interchange.
The
HFF team representing the borrower was led by managing director Robert
Delitsky and senior managing director Thomas Didio.
For the complete
copy of the company’s news release, please contact:
Olivia Hennessey
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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