Rego Park II
Overview
| Deal Type |
CMBS |
|---|---|
| Size |
$11 Million Refinance |
| Our Role |
Lender |
Summary
Rego Park II is a 7,248 square foot, Class B, unanchored neighborhood retail center located in Queens, NY. Built in 1940, the property is comprised of six one-story buildings, situated on a 1.42- acre of land. The property is occupied by 26 unique tenants and is 92.9% occupied. The tenant base includes national tenants Starbucks, Mattress Firm, Dunkin' Donuts, Subway, with the major tenant being Duane Reade (a wholly-owned subsidiary of Walgreens Boots Alliance). The proposed loan will be used to refinance existing debt at the property.
