HFF Closes $103 Million Sale of and $70.7 Million Financing for Roosevelt Raceway Center in...

Wednesday July 23, 6:00 pm ET NEW YORK--(BUSINESS WIRE)--The New York office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it closed the sale of and financing for Roosevelt Raceway Center, a 427,000-square-foot retail power center in Westbury, New York. HFF senior managing director Glenn Whitmore and managing director Robert Delitsky exclusively represented the buyer, The Mattone Group and Gartenstein Properties in the $103 million purchase of the property from ING Clarion Partners, LLC. HFF also arranged the $70.7 million fixed-rate acquisition loan with New York Community Bank. Roosevelt Raceway Center is located along Corporate Drive in the Long Island suburb of Westbury. Completed in 1995, the property is currently 100% leased to tenants including Home Depot, Home Depot Expo, Michael’s, Babies “R” Us,... [read full story]