The New York office of Holliday Fenoglio Fowler, L.P. has arranged $20.2 million in financing for a 54,000 s/f free-standing supermarket in Brooklyn, New York.

HFF managing director Robert Delitsky worked on behalf of Feldco Development Corp. to secure a $19 million, ten-year, fixed-rate securitized loan through Barclays Capital, a conduit lender. In addition, a $1.2 million mezzanine loan was placed through RAIT Investment Trust. The property, which was built in 1992 and remodeled in 2003, is fully leased to a Super Stop & Shop supermarket. Located at 1710 Avenue Y and East 18th Street in Brooklyn, this Stop & Shop serves the local area and generates strong sales. Parking is provided both on grade and on the roof of the store.

Barry Feldman, the president of Feldco and developer of the property, has developed shopping centers totaling in excess of five million s/f.

Real Estate Weekly