KINGSTON, NY-In a transaction that took only 34 days, the 605,722-square-foot Hudson Valley Plaza has a new owner and a new $32 million loan arranged by HFF to boot. The retail center has changed hands from Syracuse, NY-based Pyramid Cos. to HUH US Real Estate Income REIT, Inc., an affiliate of the Hampshire Cos. late Friday, says HFF senior managing director John Mikula, who represented Hampshire along with director Michael Klein.

“The financing was used to acquire the property,” Mikula tells GlobeSt.com, explaining that the seven-year, fixed-rate loan was done through an unnamed life insurance company. Despite that, Mikula could not disclose the total amount of the acquisition deal, and a spokesperson for Pyramid could not be reached in-time for deadline. “It was quickly done.”

The shopping center, anchored by Lowe’s and Wal-Mart, is located on 43 acres at 401 Frank Sottile Boulevard at the intersection of Route 9 West and Routes 199/209 in Kingston, about 18 miles northwest of Poughkeepsie. It is 98% leased and features other major tenants like Sam’s Club, Michael’s Arts and Crafts, Petsmart and Toys ‘R Us.