253-01 Rockaway Boulevard, Woodmere, New York (Five Towns Shopping Center)

March 2020 – Jim Houlihan, Bryan Houlihan, and Christie Houlihan of Houlihan-Parnes Realtors, LLC are pleased to announce the placement of a construction loan in the amount of $10,000,000 on the Five Towns Shopping Center located at 253-01 Rockaway Boulevard, Woodmere, New York. The loan was placed with a National Lender with a fixed rate of 2.78%. The proceeds of the loan will be used for the build out of a brand-new 80,000sf Stop & Shop. The approximately 500,000 sf 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, TJ Maxx, Wal-Mart, T-Mobile, and Chick-fil a, as well as the incoming Stop & Shop. The Borrower was represented by Elizabeth Smith of Goldberg Weprin Finkel Goldstein LLP and title was acquired by Chicago Title.