CRONHEIM SECURES $1.2 MILLION LOAN FOR STONEWALL KITCHEN

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AVON, CONN. — Chatham, N.J.-based Cronheim Mortgage has secured $1.2 million for a single-tenant retail property located at 336 W. Main St. in Avon. The property was constructed in 2002; it comprises a 4,500-square-foot building, a 1,050-square-foot outdoor patio and 17 parking spaces. It is currently occupied by Stonewall Kitchen, a gourmet and specialty foods retailer based out of York, Maine. Terms of the loan include a 10-year term and a 25-year amortization schedule. The lender was not disclosed.

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