253-01 Rockaway Blvd (5 Towns Shopping Center)

December 2022: Jim Houlihan and Bryan Houlihan of Houlihan-Parnes Realtors, LLC are pleased to announce the placement of a first mortgage in the amount of $55,000,000 on the Five Towns Shopping Center located at 253-01 Rockaway Boulevard, Woodmere, New York. The loan was placed with a local bank with a fixed rate of 5.75% for a term five years with 3 years Interest Only. The approximately 501,907 s.f. shopping center is in the Five Towns area of Nassau County, just east of JFK International Airport. The Center has a robust tenant roster that includes Lowe’s Home Center, Stop & Shop, TJMaxx, Ashley Furniture, Foot Locker, and Chick fil a. The Borrower was represented by Elizabeth Smith of Goldberg Weprin Finkel Goldstein LLP and title was acquired by First American Title.