Feil Lands $24M Refi for Elmont Home Depot Shopping Center
The Feil Organization has secured a $23.5 million refinancing for Home Depot Shopping Center in Elmont, NY, from Principal Asset Management.
Situated at 600 Hempstead Turnpike off the Cross Island Parkway, the Home Depot Shopping Center spans 269,490 square feet. With a 100% lease occupancy, the retail center features major tenants such as Home Depot, Marshalls, and Target. The Feil Organization has owned this asset since 1992.
“Considering the current state of the lending market, this deal showcases our ability to secure attractive financing and reaffirms the strong appetite for well-located retail properties with great tenants in Nassau County,” said Brian Feil, principal at the Feil Organization. Estreich & Company represented the Feil Organization in the transaction.
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.