Principal Financial Group Loans $32M to Refi Queens Shopping Center
44 minutes ago
Mattone Investors refinanced Springnex Plaza, a fully occupied 96,028-square-foot supermarket-anchored shopping center in Springfield Gardens, Queens, with a $32 million loan from Principal Financial Group. The property, developed six years ago, includes tenants such as Stop & Shop, IHOP, Ashley Stewart, and Northwell Health GoHealth Urgent Care, and sits on 5.58 acres of land. The refinancing was arranged by Northmarq representatives Robert Delitsky and Charles Cotsalas, highlighting strong lender interest in supermarket-anchored shopping centers.