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UPDATE: Developer Secures $126M Construction Loan to Complete Atlas Park

GLENDALE, NY-As the countdown is on for the spring opening of the Shops at Atlas Park here, Atco Properties secures a $126-million construction loan to complete the 400,000-sf project.

By Barbara Jarvie | Updated on March 01, 2006

(For more retail coverage, click GlobeSt.com/RETAIL and to read more on the debt and equity markets, click here.)

GLENDALE, NY-Atco Properties and Management Inc. has closed on $126-million construction loan for the Shops at Atlas Park here. The funds, which were supplied by Wells Fargo & Co., will be used to complete the 400,000-sf project, according to Atco president H. Dale Hemmerdinger.

Dubbed the city’s first-ever lifestyle retail center, grand opening is scheduled for spring. For previous coverage on the project, click here.

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