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Meridian Arranges CMBS Refi on Jamaica Retail
Meridian Capital Group recently arranged a $64-million refinancing for Jamaica Retail Center in Queens.
The 10-year CMBS loan features full-term interest-only payments. It was negotiated by senior managing director Cary Pollack, managing director Charles Grussgott and VP Michael Helmreich, all based in the company’s New York City headquarters.
Located in the Jamaica neighborhood of Queens, Jamaica Retail Center was completed in 2019 and spans 133,607 square feet. The retail center is anchored by Burlington, which occupies 70,000 square feet on part of the second floor as well as the entire third and fourth floors of the building. Additional tenants include H&M, Target, and Jollibee.
The property is centrally located in the downtown area of Jamaica and is just steps away from Jamaica Center, which offers access to four subway lines, the Long Island Rail Road, and the AirTrain to and from John F. Kennedy International Airport.
- ◦Financing

