On behalf of Infinity Real Estate, NKF arranged a $20.5-million, floating-rate loan for the acquisition of the Shops at Richmond Avenue on Staten Island. The NKF team was led by Dustin Stolly and Jordan Roeschlaub, co-heads of the New York debt & structured finance group, alongside senior managing director Chris Kramer. Bridge Investment Group provided the loan for the sale.

Located at 2505 Richmond Ave., the Shops at Richmond consist of two buildings totaling more than 76,000 square feet of retail space. The buildings are occupied by nationally-renowned tenants, including Dick’s Sporting Goods and Starbucks, almost all of whom have occupied the property for more than 20 years.

“Due to a combination of major transportation links, a borough population of more than 450,000 residents, and the adjacent 1.25-million-square-foot Staten Island Mall, we expect a healthy market and continued success for this property,” said Roeschlaub.

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