Cronheim Mortgage Arranges $11.5M in Financing for Poughkeepsie Shopping Center

by Taylor Williams

POUGHKEEPSIE, N.Y. — New Jersey-based financial intermediary Cronheim Mortgage has arranged $11.5 million in financing for Poughkeepsie Plaza, a 181,746-square-foot shopping center located north of New York City. Marshalls  and TJX/HomeGoods anchor the property, which is also home to tenants such as Sierra Trading Post, Mattress Firm, Famous Footwear, J. Crew, Wendy’s and Chase Bank. Brandon Szwalbenest, Dev Morris and Andrew Stewart of Cronheim arranged the debt on behalf of the borrower, regional owner-operator Mehlich Associates. The direct lender was not disclosed.

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