Retail

HICKSVILLE, N.Y. — Keith Braddish, Jason Gaccione and Rayna Karaivanov of CBRE Capital Markets in New York City along with Bruce Nelson of the CBRE Private Client Group in Woodbury have completed a $7.3 million fixed-rate first mortgage to refinance the existing senior debt on Woodbury Shopping Center. The retail center is located at 404-442 South Oyster Bay Rd. in Hicksville. The 69,174-square-foot neighborhood shopping center is anchored by credit-rated Staples, T.J. Maxx and Walgreens. Other in-line tenants include Bagel Boss of Hicksville, Sneaker Circle, Nu American Cleaners and Woodbury Kosher Meats. The center will also be the future home of Bank of Smithtown. The non-recourse loan, funded by a regional bank, was structured with a 7-year term on a 30-year amortization schedule at a fixed interest rate of 6.5 percent.

HICKSVILLE, N.Y. — Keith Braddish, Jason Gaccione and Rayna Karaivanov of CBRE Capital Markets in New York City along with Bruce Nelson of the CBRE Private Client Group in Woodbury have completed a $7.3 million fixed-rate first mortgage to refinance the existing senior debt on Woodbury Shopping Center. The retail center is located at 404-442 South Oyster Bay Rd. in Hicksville. The 69,174-square-foot neighborhood shopping center is anchored by credit-rated Staples, T.J. Maxx and Walgreens. Other in-line tenants include Bagel Boss of Hicksville, Sneaker Circle, Nu American Cleaners and Woodbury Kosher Meats. The center will also be the future home of Bank of Smithtown. The non-recourse loan, funded by a regional bank, was structured with a 7-year term on a 30-year amortization schedule at a fixed interest rate of 6.5 percent.

BROOME COUNTY, N.Y. — Sunbury, Pa.-based Weis Markets has purchased 11 Giant Markets stores in Broome County, including locations in Johnson City, Endwell, Endicott, Vestal and Binghamton. All 11 stores were closed for conversion and are set to reopen Tuesday, August 25 at 7 a.m. A grand opening will be held on August 30, and five of the locations will convert to 24-hour schedules.

MILTON, VT. — Jamaica, Vt.-based Jamaica Cottage Shop has partnered with newly developed Vermont Eco Cottage to open its newest display/retail yard at 530 Route 7 South in Milton. The retail outlet will feature Jamaica Cottage Shop’s original designs for outdoor sheds, including garden sheds, storage sheds, potting solutions, firewood storage, chicken coops, camping and hunting cabin retreats. The display area will house building examples that can be ordered as pre-cut shed kits or fully assembled buildings. Jamaica Cottage Shop supports local landowners, foresters, loggers and sawmills by using native Vermont hemlock and pine lumber.