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LI Shopping Center Secures $10M Loan

NEW YORK CITY-Holliday Fenoglio Fowler arranged the construction loan for the grocery-anchored retail center. Funds will be used to expand an existing Waldbaum's supermarket at the Deer Park, NY facility.

By Glen Thompson | Updated on July 09, 2002

NEW YORK CITY-A grocery-anchored shopping center in Long Island’s Deer Park community has closed on $9.9 million in construction financing earmarked for expanding the facility’s existing Waldbaum’s supermarket.

Robert Delitsky of Holliday Fenoglio Fowler arranged the adjustable rate financing for property owner Dix Hills, NY-based Wharton Pryce Realty Co. The loan was provided by Bank of New York.

The redevelopment will include the expansion of an existing Waldbaum’s supermarket to 57,081 square feet, and approximately 11,700 square feet of retail space. Waldbaum’s has been a tenant at the center since 1972. Upon completion, the shopping center will consist of a total of 68,781 square feet.

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