Goldman Sachs Provides $70M Loan For College Point Shopping Center Acquisition By Related Companies

Date: 06/15/2021

Address: 135-05 20th Ave. (College Point Center)

Market: College Point, Queens

Asset Type: Shopping Center | Square Footage: 331,334

Lender: Goldman Sachs

Landlord: Related Companies

Tenants: Target, BJs Wholesale, BWWings, PC Richard & Son, TJ Maxx

Loan Amount: $70,000,000

Summary of transaction details

• Property Type: Shopping Center
• Transaction Amount: $70,000,000
• Market: College Point, Queens
• Address: 135-05 20th Ave. (College Point Center)
• Square Footage: 331,334
• Lender: Goldman Sachs
• Landlord: Related Companies
• Tenants: Target, BJs Wholesale, BWWings, PC Richard & Son, TJ Maxx

This transaction involves a shopping center located at 135-05 20th Ave. in College Point, Queens. The property spans a total of 331,334 square feet, making it a substantial asset in the market.

The lender for this transaction is Goldman Sachs, demonstrating their involvement in financing the deal. The landlord of the shopping center is the Related Companies, indicating their ownership of the property.

Notable tenants in this shopping center include Target, BJs Wholesale, BWWings, PC Richard & Son, and TJ Maxx. These well-known brands contribute to the commercial success and foot traffic in the shopping center.

This transaction underscores the significant investment in the College Point market, with a loan amount of $70,000,000. The involvement of prominent companies like Goldman Sachs, Related Companies, and renowned tenants further highlights the prominence of this transaction.