Jamestown-led venture refinances Yonkers shopping center
A joint venture of several big-name real estate companies landed nearly $200 million in debt to refinance a shopping center 20 miles from Midtown Manhattan. Blackstone Real Estate Debt Strategies provided Jamestown, Taconic Partners, Nuveen Real Estate and a public pension plan with a $198.5 million loan for the Ridge Hill open-air retail center in Yonkers, the Commercial Observer reported. The loan will retire existing debt and help to fund upcoming leasing efforts. A JLL Capital Markets team of Aaron Niedermayer, Kellogg Gaines and Evan Pariser arranged the debt. The 1.2-million-square-foot property at 1 Ridge Hill Boulevard, which first opened […]
This article originally appeared on The Real Deal. Click here to read the full story.
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