Cronheim Mortgage Places $30M in Permanent Financing for Retail Center in Pelham Manor, New York


Post Road Plaza in Pelham Manor, New York, totals 257,593 square feet. The property was built in the early 1960s.

PELHAM MANOR, N.Y. — New Jersey-based Cronheim Mortgage has placed $30 million in permanent financing for Post Road Plaza, a 257,593-square-foot regional shopping center in Pelham Manor, about 20 miles north of Manhattan. Transamerica Financial Life Insurance Co. provided the 15-year loan, which amortizes over 30 years. Post Road Plaza, which was built in the early 1960s, comprises a two-story primary retail strip, a one-story secondary strip and three outparcel buildings. A 75,000-square-foot Fairway supermarket anchors the property, which also houses a Dave & Buster’s, 24 Hour Fitness, HomeGoods, Lane Bryant, Smashburger and Sally Beauty Supply. The borrower was not disclosed.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.

Related News

Content Partners
Lee & Associates