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Article: Alexander's Closes $350 Million Construction Financing for its Rego Park Shopping Center.
- Article from:
- Business Wire
- Article date:
- December 21, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PARAMUS, N.J. -- ALEXANDER'S, INC. (New York Stock Exchange: ALX) announced today that it has closed a construction loan providing up to $350 million to finance its Rego Park project, a development consisting of a 600,000 square foot shopping center on four levels and a parking deck containing approximately 1,400 spaces. The loan has an interest rate of LIBOR plus 1.20% and a term of three years with a one-year extension option. The shopping center will be anchored by a 134,000 square foot Century 21 department store, a 138,000 square foot Home Depot and a 132,000 square foot Kohl's.
Alexander's, Inc. is a real estate investment trust, which has seven properties ...
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Article: Marcus & Millichap Lists 40,477-Square Foot ...
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411 words
... ... exclusive listing for a 40,477-square foot shopping center, which is 100 percent triple ... million represents $259 per square foot. Alvin Mansour, a senior ... newly constructed fully leased shopping center in a dense retail area ...
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