12A — November 11 - 24, 2016 — Financial Digest — M id A tlantic
Real Estate Journal
www.marejournal.com
F inancial D igest Cushman & Wakefield | Thalhimer represents the seller of Newmarket South Eastern Union Funding arranges acquisition financing for a 354,804 s/f shopping center
AMPTON, VA — Commercial mortgage brokerage Eastern Union Funding has ar- ranged acquisition financing for Newmarket South, a three- building shopping center at the well-traveled intersection of Mercury Boulevard and Jefferson Ave. in Hampton. Eastern Union’s Marc Tropp , Barry Dollman and Shai Romirowsky represented the borrowing entity, compris- ing America’s Realty LLC and private equity investors from New York and Florida, in the $11 million purchase of the 354,804 s/f retail property H
located at 5015-5201 W. Mer- cury Blvd. Situated on 33 acres, the center is anchored by Food Lion, Haynes Furni- ture and The Dump, a discount furniture outlet. Pikesville, MD-based Amer- ica’s Realty owns more than 120 shopping centers through- out the United States, and manages an additional 80 retail centers. “With 40 years in the grocery and retail industry, and hav- ing successfully repositioned hundreds of retail centers, ownership sees significant po- tential in Newmarket South,” said Tropp, a senior managing director with Eastern Union. “It looks to make improve- ments to the building façades and parking lot, as well as lease up the remaining 76,278 square feet in vacancies.” Eric Robison , Mike Early and Joe Kennedy of Cush- man & Wakefield | Thal- himer ’s Capital Markets Group in Richmond, VA, along with Sharon Ryals-Taylor in the Virginia Beach office, represented the seller in the transaction. n Houlihan-Parnes announces placement of a $4.2m 1st mortgage GREENBURGH, NY — AndrewGreenspan of Hou- lihan-Parnes Realtors an- nounced the placement of a $4.2 million first mortgage on the 5-story office building located at 297 Knollwood Rd., in the Town of Green- burgh, White Plains. The non-recourse loan is fixed for 10 years at 4%. The building contains 35,000 rentable s/f with 10,000 s/f occupied by a branch office of the Gen- eral Services of America - US Social Security Administra- tion. The borrower was rep- resented by Lee Pollock of Pollock & McGuire LLP and title was provided by Ray Cohen of Chicago Title Insurance . n 297 Knollwood Rd.
Newmarket South
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