April 13, 2017 Comments Off on Bank Refi for Strip Center Views: 358 New York News, Uptown/Bronx New York

Bank Refi for Strip Center

April 14

M&M of Bruckner, operated by the Modell family, took out a $6-million loan from Signature Bank to refinance its 33,636-square-foot shopping center at 945 White Plains Rd., in a busy retail hub in the Bronx’ Soundview neighborhood.

“This retail center is ideally located in a major shopping district,” said Sam Zabala, managing director for Eastern Consolidated’s Capital Advisory Division. “It’s near national retailers such as Old Navy, Marshalls, Toys-R-Us, Gap Outlet, and Auto Zone.”

Retail tenants also include Modell’s Sporting Goods, Party City, and Game Stop. The property is easily accessible from the Bruckner Expressway, and is a few blocks from the major intersection of Interstates 95, 278 and 678.

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