Paramount Realty Secures $15M Loan For Retail Shopping Center In Hartford, Connecticut

A retail shopping center located at 475 Flatbush Ave in Hartford, Connecticut has been involved in a closed property transaction. The property is anchored by Walmart and spans a total of 309,800 square feet with 26 units. The transaction was facilitated by Morris Dweck from ABS Altman Warwick as the broker representing the parties involved. The lender in the deal was Sterling National Bank, while Paramount Realty acted as the landlord.

Summary of transaction details

• Property Type: Retail Shopping Center
• Transaction Amount: $15,025,000
• Square Footage: 309,800
• Units: 26
• Lender: Sterling National Bank
• Landlord: Paramount Realty
• Broker: Morris Dweck – ABS Altman Warwick

In this transaction, Morris Dweck from ABS Altman Warwick played a crucial role as the broker representing the parties involved. The deal between the buyer and seller was successfully facilitated, with Paramount Realty acting as the landlord and Sterling National Bank providing the necessary financing. The retail shopping center, anchored by Walmart, is a prime asset in Hartford, Connecticut.