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New York & Tri-State  + Outer  + Finance  |  September 28, 2023
Emily Fu
By: Emily Fu

Joyland Management Lands $42M Refi for Staten Island Shopping Center  

Joyland Management has landed $41.75 million to refinance South Shore Commons, a retail shopping center in Staten Island, New York. 

Situated at 2925-2965 Veterans Road West in Staten Island, the shopping center spans five separate buildings, encompassing approximately 160,000 square feet and hosting 50 tenants. 49 out of 50 spaces are currently leased, resulting in a 98% physical occupancy rate. The tenants are primarily service-oriented, featuring restaurants, doctors’ offices, urgent care centers, daycare facilities, and specialty care providers. 

The deal was arranged by Meridian’s Morris Betesh and Jack McPhail. 

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Inside The Story

Morris Betesh

About Emily Fu

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.
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  • ◦Financing